Altor to acquire a minority stake in Svea Solar.

Altor, a private equity fund, agreed to acquire a minority stake in Svea Solar, a provider of digitalising energy services. Financial terms were not disclosed. “The investment builds on Altor’s investment track-record in green transition businesses and is a testament to our strong conviction in solar as a critical component for European energy supply and balance. Svea Solar has quickly become the leading residential solar company in Sweden, with established positions in Spain, Germany, Belgium and the Netherlands. Svea Solar’s innovative team has built a remarkable brand position and we are certain they will continue to play a key role in driving the green energy transition in Europe in the years to come. We look forward to partnering with the Svea Solar team and shareholders to deliver on that ambition.” Herman Korsgaard, Altor Director.