Energy solution suppliers KPA Unicon and Renewa join forces
Two Finnish energy solution suppliers are joining forces through a merger in which KPA Unicon Group Oy is purchasing the entire share capital of Renewa Oy.
The transaction will give the Finnish and European Cleantech sector a stronger, renewed player whose solutions will enable increasingly more responsible, more sustainable and more profitable energy production in the energy, forest and raw material industries.
KPA Unicon produces comprehensive service and technology solutions for heat and power plant projects throughout the lifecycle of the plants. The solutions utilize biofuels and fossil fuels with high energy efficiency. Renewa offers local energy production solutions for biofuel- and waste-fired heat and power plants.
Through the merger, KPA Unicon becomes one of the prominent suppliers for mid-sized heat and power plants in the Nordic countries and Europe.
“We will be able to offer our customers a broader technology portfolio, more comprehensive operation and maintenance services, and more diverse financing solutions. With our enthusiastic and responsible approach, we will help our customers to succeed and support them in environmentally friendly, reliable and profitable energy production,” says Jukka-Pekka Kovanen, Managing Director, KPA Unicon Group Oy.
The funds managed by Vaaka Partners Oy and the key personnel of the company have been the main shareholders of Renewa since 2008.
“During our ownership Renewa has enjoyed significant growth and internationalization. We believe that the time is right for Renewa to have the opportunity to move forward with a new owner. KPA Unicon offers excellent prerequisites for this,” notes Ilkka Pentikäinen, Partner, Vaaka Partners.
The parties aim to finalize the acquisition by the end of September of this year.
More information:
Jukka-Pekka Kovanen, Managing Director, KPA Unicon Group Oy
tel. +358 40 511 6234, jukka-pekka.kovanen@kpaunicon.com
Ilkka Pentikäinen, Partner, Vaaka Partners Oy
tel. +358 400 217 671, ilkka.pentikainen@vaakapartners.fi
KPA Unicon offers responsible energy solutions for efficient energy production. The company specializes in boiler and power plant projects. The solutions utilize biomass fuels as well as fossil fuels in a sustainably way. KPA Unicon also takes responsibility for operation and maintenance, and offers support during the whole life cycle of plants. KPA Unicon’s headquarters are located in Pieksämäki and Kiuruvesi in Finland. The company employs about 180 energy industry professionals. The company’s turnover exceeded 50 million euros 2015. www.kpaunicon.fi
Renewa Oy is a growing and internationally expanding expert in local bio-energy and heat and power plant technology. The company delivers customized boiler plants, as well as maintenance and life-cycle services for environmentally friendly local energy production. Renewa’s advanced boiler solutions are based on the use of local biomass and waste-derived fuels. The company employs about 95 renewable energy professionals in Finland and in France. Renewa’s turnover in 2015 was EUR 35 million. Renewa has offices in Vantaa, Oulu, Pirkkala, and Lapua in Finland as well as in Paris in France. www.renewa.fi
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