Altor to acquire a minority stake in OX2.

Altor Equity Partners, a private equity firm, agreed to acquire a minority stake in OX2, a renewable energy equipment developer, from Peas Industries, a diversified industry. Financial terms were not disclosed. “OX2 is on an exciting mission of leading the ongoing energy transition and we are confident that getting Altor on the team will strengthen our position in the rapidly expanding renewable energy market. In the coming years we aim to focus on further growth in our core markets as well as adding new geographies and technologies to our portfolio”, Paul Stormoen, OX2 CEO.