Announced
Financials
Tags
Domestic
Friendly
Sweden
wind power
Renewable Energy Equipment
Majority
Public
Pending
renewable energy
Single Bidder
Acquisition
Synopsis
Orrön Energy, an independent, publicly listed renewable energy company, agreed to acquire Slitevind, a Sweden based company involved in the field of renewable energy, for $88m. "This is an exciting first acquisition for Orrön Energy, which brings together two companies with the competence, assets and capital to accelerate investments in the energy transition. Slitevind has a highly skilled team and a portfolio of wind assets that adds scale and diversification to Orrön Energy’s asset base. Slitevind has been a successful consolidator within the Swedish wind sector for many years and brings a team with the competence and experience to operate, develop and build wind and other renewables assets in the Nordics. I am confident that we together can build on our individual strengths to create a renewables company that will take advantage of the opportunities in the energy transition and deliver on an acquisition and organic growth led strategy to create long-term shareholder value," Daniel Fitzgerald, Orrön Energy CEO.
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