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Solör Bioenergy Group acquires Falbygdens Energi from Nordion Energi

In Sweden, Solör Bioenergy Group has announced that it has successfully acquired the municipal energy company Falbygdens Energi AB from energy infrastructure company Nordion Energi AB. The deal, which includes district heating and the fiber network in Falköping, enters into force during May 2021. The electricity network in Falköping and the surrounding area will continue to be owned and operated by Nordion Energi.

Solör Bioenergy Group has successfully acquired the municipal energy company Falbygdens Energi AB from energy infrastructure company Nordion Energi AB. The deal includes the biomass heat plants such as the combined heat and power (CHP) in Falköping as well as the district heat-and fiber networks (photo courtesy Falbygdens Energi).

Founded in 2020, Nordion Energi AB is a new energy and energy infrastructure group tasked with making renewable energy available where and when it is needed. It includes the gas infrastructure and distribution companies Swedegas and Welum, and in January this year, it acquired the municipal energy company Falbygdens Energi AB.

The acquisition of Falbygdens Energi AB by Solör Bioenergy Group is comprised of the heating and broadband fiber businesses, including the three heat plants, the district heating, and the fiber network in the towns of Falköping, Stenstorp, and Floby in Västra Götaland region (southwest Sweden).

These operations will be run under the Solör brand.

With this acquisition, we continue to execute our defined growth strategy within renewable district heating in the Nordics. The acquisition will further strengthen Solör Bioenergy’s position as one of the leading providers of district heating in Sweden, said Martinus Brandal, Chairman, and CEO of Solör Bioenergy Group.

The electricity network will remain with Nordion Energi, and continue operations under the Falbygdens Energi brand.

For Nordion Energi, the deal means that we continue to build an energy group with a sustainable and flexible offering, prepared for the future. We look forward to developing the electricity network business in Falköping and the surrounding area and being a strong partner to our customers, saidHans Kreisel, CEO Nordion Energi.

Falbygdens Energi energy production amounts to 160 GWh annually, and includes biomass-fired district heating, steam, and electricity, branded according to Swedish environmental standards, “Good Environmental Choice.”

We are very pleased to be able to realize this acquisition, which is proof of our growth strategy. Solör has followed the company for a long time and being able to complete the acquisition together with Nordion feels fantastic. The company has good expertise that will be useful for the entire Solör Group, said Anders Pettersson, Managing Director and COO Solör Bioenergy Group.

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