InfraRed Capital completed the acquisition of a majority stake in Voltan Energy.

InfraRed Capital, an infrastructure asset manager, completed the acquisition of a majority stake in Voltan Energy, a company specializing in the installation and operation of ground source heat pumps in apartment buildings and other large structures. Financial terms were not disclosed. "Voltan has successfully established a strong initial footprint and reached a critical step from which our growth capital and expertise can help accelerate its development and ambition. There is a clear need for Voltan’s compelling and differentiated business proposition in Finland and beyond, delivering sustainable heating and cooling to those living and working in urban environments. The management team is highly motivated, with deep expertise in the sector and a clear understanding of the market opportunity. As an active asset manager, we look forward to working closely with them to add value and deliver on Voltan’s potential," Stephane Kofman, InfraRed Capital Head of Value-Add Funds.