Fortum Corporation has sold Enemet to Industri Kapital for US$100 million. The relevant competition authorities have approved this deal.
Following the closing of the transaciton, Fortum acquired a 30% minority stake in the newly formed Enermet Group Oy.
Headquartered in Finland, Enermet is one of the world’s leading suppliers of automatic meter reading (AMR) and load management systems. The company offers customers a wide range of AMR systems and software deploying GSM/GPRS, power line carrier and LAN communication technologies.
Industri Kapital is a leading Northern European private equity fund with assets under management in excess of US$1billion. The fund investors are mainly well-known Nordic, European and North American institutional investors.
Oaklins' team in Finland advised the buyer in this transaction.
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