Gasum diversifies services by acquiring Enegia’s energy market services

The leading gas sector player in the Nordic countries, Gasum is acquiring the energy market services business of the energy industry expert company Enegia. 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.

Gasum has signed an agreement with Enegia to acquire Enegia’s energy market services business. The transaction covers the shareholdings of Enegia Consulting Oy, Enegia Portfolio Services Oy and intStream Oy. The transaction is anticipated to be completed during August 2018.

Customers of Enegia energy market services business include energy companies, industry and the public sector. Energy market services employ around 35 professionals in energy sourcing and sales and in emissions trading and green certificates. Enegia’s energy market services personnel will transfer to Gasum when the transaction is closed. Energy market services will continue its business and service provision to current customers. Gasum’s aim with the transaction is to expand service provision to the natural gas market and throughout the company's operating area in the Nordic countries.

”The energy sector and gas market are changing rapidly. The competencies of Enegia’s experts will diversify and strengthen Gasum's service mix. The acquisition will enable us to offer more comprehensive services to our current customers and lead the way in the energy sector. It will also provide us with an excellent platform for the development of our product selection in the future by expanding our services geographically as well as by launching new services also in the gas market,” says Gasum CEO Johanna Lamminen.

”The transaction will make Enegia an EnerKey-driven expert in energy management. We’re happy that Gasum as the new energy market services owner will strengthen the further development and expansion of this business as well,” says Enegia Group Oy Managing Director Kalle Ahlstedt.

For further information please contact:

Jouni Haikarainen, Senior Vice President, Natural Gas, Gasum Ltd
Phone: +358 40 709 5690, firstname.surname(a)gasum.com

Kalle Ahlstedt, Managing Director, Enegia Group Oy
Phone: +358 50 453 3507, firstname.surname(a)enegia.com

Mikko Askolin, Vice President, Market Services, Enegia Group Oy
Phone: +358 40 841 9462, firstname.surname(a)enegia.com

The energy company Gasum is a Nordic gas sector expert. Together with its partners, Gasum is building a bridge towards a carbon-neutral society on land and at sea. Gasum imports natural gas to Finland and promotes the circular economy by processing waste and producing biogas and recycled nutrients in Finland and Sweden. The company offers energy for heat and power production, industry as well as road and maritime transport. Gasum is the leading supplier of biogas in the Nordic countries. The company has a gas filling station network that also serves heavy-duty vehicles. The Gasum subsidiary Skangas is the leading liquefied natural gas (LNG) player in the Nordic market. The company continues to strengthen the position and infrastructure of LNG and supplies LNG to maritime transport, industry and heavy-duty vehicles in Finland, Sweden and Norway. www.gasum.com

Enegia is one of the leading Nordic independent energy expert organizations for the energy industry. Over half of the 100 largest Finnish companies use Enegia’s services, and Enegia Group’s net sales in 2017 were €119.7 million. Enegia’s electricity trade volume is 15 TWh, corresponding to approximately one quarter of Finland’s electricity use. Enegia’s EnerKey is the leading energy data and energy process management system in the Nordic countries. The system is used by approximately 300 organizations to manage energy consumption information from 75,000 meters in 15,000 properties. Enegia is majority-owned by the Finnish private equity firm Vaaka Partners Oy.