Announced
Completed
Financials
Sources
Tags
transmission network
Sweden
Renewable Energy Equipment
Acquisition
Domestic
Private
Completed
Friendly
Single Bidder
Majority
Infrastructure
Synopsis
Ellevio, a Swedish electric power distribution company, completed the acquisition of Markbygden, a modern transmission network, from Svevind, a privately owned business group in the renewable energy industry, and Enercon, a wind turbine manufacturer. Financial terms were not disclosed. "We play a key role in the electrification of industry and transport, including the distribution of electricity from the increasing share of renewables in the energy system. With the acquisition of Markbygden Net AB, we will be a long-term, reliable and engaged partner that secures the supply of green electricity to growing industry needs", Johan Lindehag, Ellevio CEO.
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