KSS Energia has acquired Karhu Voima
Finland-based KSS Energia Oy has acquired the local energy sector player Karhu Voima Oy from Kotkan Energia Oy and Haminan Energia Oy.
KSS Energia is a Finnish energy group that produces and develops services for its energy network customers and sells electricity and energy expertise in and outside the Kouvola region, Finland. Established in 1974, KSS Energia is currently owned entirely by the city of Kouvola. KSS Energia Group consists of its parent company, KSS Energia Oy, and its subsidiaries, KSS Verkko Oy, KSS Lämpö Oy, KSS Rakennus Oy and Suomen Energia-Urakointi Oy. KSS Energia is an active producer and seller of electricity, district heat and natural gas.The Group sells 1,500GWh of electricity annually.
Karhu Voima is a sales and services company in the energy sector, with over 7,500 customers in Southern Kymenlaakso and other parts of Finland. In addition to its own electricity sales, Karhu Voima provides customer and invoicing services to Kotkan Energia and Haminan Energia.
Kotkan Energia and Haminan Energia are energy companies engaged in electricity production, district heating and electricity grid related services. Kotkan Energia is fully owned by the city of Kotka. Haminan Energia is fully owned by the city of Hamina.
Oaklins’ team in Finland acted as the exclusive financial advisor to the buyer in this transaction.
Talk to the deal team
Related deals
Strawberry Equities has sold Ecohz to Caely Renewables
Ecohz, a global renewable energy company, has been acquired by environmental commodity trading house Caely Renewables from Strawberry Equities. The transaction marks an important new chapter for Ecohz and brings together two organizations with complementary strengths, aligned in their commitment to accelerating the global energy transition.
Learn moreSwiss Solar Group has acquired OmniWatt and taken a significant minority stake in enshift
Swiss Solar Group AG has acquired OmniWatt AG and taken a significant minority stake in enshift AG. With these transactions, Swiss Solar Group advances its strategic growth initiative and pursues its objective of positioning itself as a leading integrated provider of sustainable energy transition solutions in Switzerland. The transactions support the group’s strategy to expand its presence across the entire energy value chain and to achieve profitable growth in the renewable energy sector.
Learn moreSintana Energy has completed the acquisition of Challenger
Sintana Energy Inc. (TSXV: SEI) (OTCQX: SEUSF) has officially completed the acquisition of Challenger Energy Group plc (LON: CEG) (OTCQB:BSHPF) following the effective date of a court-sanctioned scheme of arrangement.
Learn more