Solör Bioenergy Group announced that it has successfully acquired the District Heating Business in Sweden and Norway from Veolia Nordic. The transaction enters into force as of today.
The acquisition of Veolia Nordic ́s Utility Solutions business includes the energy production and energy O&M business in several locations in Sweden and Norway. Moreover, Solör will enter O&M operations within municipal water and wastewater treatment. These combined activities will complete Solör ́s offering to its customers.
– “With this acquisition, we continue to execute our defined growth strategy within environmental friendly and sustainable infrastructure in the Nordics”, says Martinus Brandal, Chairman & CEO of Solör Bioenergy Group.
– “The acquisition will further strengthen Solör Bioenergy’s position as one of the leading providers of district heating and infrastructure services in Sweden” – says Brandal.
The energy deliveries in the acquired business amount to 180 GWh annually.
– After combining our operations, we believe that Solör can further strengthen its relationship with municipal and industrial customers, meet increased demand for combined infrastructure services among customers and continue to assist municipalities in maintaining and improving their infrastructure asset base, says Anders Pettersson, Managing Director and COO Solör Bioenergy Group.
For further information, contact:
Florian Raitner, CFO, Solör Bioenergy Group, +41 786 79 8844
Anders Pettersson, Managing Director & COO Solör Bioenergy Group, +46 70 491 5595
Solör Bioenergy Group
Solör Bioenergy Group, is a leading player in renewable energy based on wood fuels with over 200,000 users every day. The company is located at 182 sites, primarily in Sweden and Norway, where they produce and distribute district heating, steam and electricity to homes, companies, public enterprises and industries. In total, Solör is active in 82 municipalities in Sweden. The business also includes energy recovery of impregnated wood and production of biofuel. By making use of the forest’s resources, Solör wants to make way for a sustainable society with reduced carbon dioxide emissions.