Scandinavian company Solör Bioenergy Group has acquired Falbygdens Energi from Nordion Energi.
Solör Bioenergy specialises in renewable energy based on wood fuels in Sweden and Norway, producing and distributing district heating, steam, and electricity to homes, companies, public enterprises and industries.
The deal, which includes district heating and the fibre network in Falköping, Sweden, will be completed in May this year. The electricity network operations in Falköping and the surrounding area continue to be owned and operated by Nordion Energi.
The businesses will be run under the Solör brand. The electricity network, which remains with Nordion Energi, will continue under the Falbygdens Energi brand.
“With this acquisition, we continue to execute our defined growth strategy within renewable district heating in the Nordics,” said Martinus Brandal, chairman and CEO of Solör Bioenergy. The acquisition will further strengthen Solör’s position as one of the major providers of district heating in Sweden.
The production of district heating in Falbygdens Energi amounts to 160 GWh of energy annually, which includes district heating, steam and electricity, and is marked according to Swedish environmental standards, ‘Good Environmental Choice’.
Anders Pettersson, managing director and COO of Solör Bioenergi, commented: “We are very pleased to be able to realise this acquisition, which is proof of our growth strategy.
“Solör has followed the company for a long time and to be able to complete the acquisition together with Nordion feels fantastic. The company has good expertise that will be useful for the entire Solör Group.”
“For Nordion Energi, the deal means that we will continue to be able to build an energy group with a sustainable and flexible offering, prepared for the future,” added Hans Kreisel, CEO of Nordion Energi.
“We look forward to developing the electricity network business in Falköping and the surrounding area and being a strong partner to our customers.”