Finland’s state-owned gas firm and transmission system operator Gasum has acquired the energy market services business of Enegia.
Enegia Consulting Oy, Enegia Portfolio Services Oy and IntStream Oy will become part of Gasum. The transaction was closed by Gasum Ltd and Enegia Group Oy on August 31, 2018.
The acquisition will strengthen Gasum’s Nordic strategy by enabling service expansion in the energy wholesale market and creating a platform for expanded product offering to its customers. In the transaction, Gasum acquired the Enegia energy market services business, around 35 energy-sector professionals and an extensive customer base. Following the transaction, Gasum intends to expand service provision to the natural gas market and throughout the company’s operating area in the Nordic countries and will continue to offer its customers a diverse range of services.
”The acquisition of the energy market services of the energy industry expert company Enegia is strategically important to our company. It’s great to start the integration of our companies and lead the way in the energy sector. The acquisition strengthens our strategy by enabling us to offer more comprehensive services to our current customers. The acquisition also provides us with a platform for the development of our product selection in the future by expanding our services geographically as well as by launching new services in the gas market,” says Gasum CEO Johanna Lamminen.
Source: Company Press Release: