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Gasum strengthens LNG and biogas offering with new acquisitions

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Gasum has acquired Linde AG’s liquefied natural gas (LNG) and Biogas business in Sweden and Norway and Nauticor’s Marine Bunkering business in Germany.

The acquisition, completed on 30 April, marks a key part of Gasum’s strategy execution to boost growth for cleaner transport solutions across the Nordics. The businesses acquired generate annual revenues of more than €100 million. Gasum’s acquisitions strengthen the firm’s strategy by developing the Nordic gas market and creating a platform for a broader offering to its customers in the maritime, industry and road transport sectors.

Gasum CEO Johanna Lamminen said: “We are very pleased about this transaction, which is an important step for Gasum when building the Nordic gas ecosystem and responding to increasing customer demand for low-emission energy solutions.

“The acquisition is part of our strategy execution and further strengthens the company’s capacity to offer gas solutions for various customer segments in multiple locations.”

Jan Ellringmann, business president at Linde Region Europe North, added: “We are certain that Gasum will be a strong owner that will successfully develop the cleaner energy and maritime bunkering business further.”

In the transaction, Gasum acquired: LNG terminals in Sweden and Norway; bunkering vessel Seagas; bunkering vessel Kairos and 48 gas filling stations in Sweden and Norway.