First State Investments has completed its acquisition of Coriance from KKR.

First State Investments, an investment company has completed its acquisition of Coriance, a French district heating company from KKR. Financial terms were not disclosed. Yves Lederer, CEO of Coriance, said: “Our company is well placed to take advantage of increasing demand in public tender processes for heating solutions based on renewable energy. We look forward to taking the next step in our development together with First State, whose profile and objectives fit perfectly with those of Coriance as a business.”