Enermet Oy has been acquired by Industri Kapital from Fortum Corporation
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.
Talk to the deal team
Related deals
Royal Reesink has sold Motrac Industries to Anders Invest
Royal Reesink and Anders Invest have completed the sale of Motrac Industries, a specialist in hydraulic and electrical engineering.
Learn moreÑaming, SL has been acquired by DeA Capital S.p.A.
Spain’s leading producer of sandwiches, fresh and ultra-fresh products, Ñaming, has sold a majority stake to Italian fund DeA Capital.
Learn moreUniKidz has partnered with Karmijn Kapitaal
Karmijn Kapitaal has acquired a majority stake in UniKidz, a talent development organization that provides a scientifically-based developmental approach through high-quality childcare. Through the partnership with Karmijn Kapitaal, UniKidz can take the next step in bringing their unique concept to even more children.
Learn more