Gasum diversifies services by acquiring Enegia’s energy market services
Finland-headed gas energy major Gasum Oy has announced that it has signed an agreement with compatriot energy experts Energia Oy to acquire Energia's energy market services businesses. The transaction covers the shareholdings of Enegia Consulting Oy, Enegia Portfolio Services Oy, and IntStream Oy and is anticipated to be completed during August 2018.
According to a statement, the acquisition will strengthen Gasum’s Nordic strategy by enabling service expansion in the energy wholesale market and creating a platform for an expanded product offering to its customers.
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, said Johanna Lamminen, CEO, Gasum.
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.
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 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, said Kalle Ahlstedt, Managing Director, Enegia Group Oy.
Enegia’s energy market services personnel will transfer to Gasum when the transaction is closed, which is expected to occur in August 2018. The value of the acquisition has not been disclosed.