Fortum - M&A Summary and Business Overview

UtilitiesCompany

Fortum M&A Summary

Fortum has acquired 3 companies. A total of 1 acquisition came from private equity firms. It has also divested 8 assets.

Fortum’s largest acquisition to date was in 2016, when it acquired Ekokem Oyj for $789M. Fortum has acquired in 3 countries. The Company’s most targeted sectors include oil/gas exploration (34%) and environmental (34%).

Fortum Business Overview

Where is Fortum headquartered?

Fortum is headquartered in Espoo, Finland.

What is Fortum’s revenue?

Fortum disclosed revenue of 6,711M EUR for 2023 and 7,774M EUR for 2022.

How many employees does Fortum have?

Fortum has 5,679 employees.

What sector is Fortum in?

Fortum is an utilities company.

When was Fortum founded?

Fortum was founded in 1998.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity3
    • M&A Sell Activity8
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 6

Fortum

Fortum Oyj

CD Building Keilalahdentie 2-4,
Espoo, 02150
Finland,
+358 10 4511
www.fortum.com

Fortum creates energy that improves life for present and future generations. Catering to the versatile needs of our customers, we generate, distribute and sell electricity and heat, and offer related expert services. Fortum was founded in 1998 and is based in Espoo, Finland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $902M $902M
Sell (0.2/yr) # 7 - 1 - - - 8
  11

Most Recent M&A

Company Date Value Type
Fortum Oyj - District Heating Platform 2021-03-12 - Divestiture
Espoo, Finland
Gasnätet Stockholm AB 2016-08-11 - Divestiture
Stockholm, Sweden · www.gasnatetstockholm.se
Stockholm Gas AB 2016-08-11 - Divestiture
Stockholm, Sweden · www.stockholmgas.se
Ekokem Oyj 2016-05-27 789M EUR Add-on Acquisition
Riihimäki, Finland · www.ekokem.fi
Info24 AB 2016-04-12 - Add-on Acquisition
Solna, Sweden · www.tingco.com
DUON Dystrybucja sp. z o. o. 2016-03-07 113M EUR Add-on Acquisition
Przezmierowo, Poland · www.duon.pl
Fortum Distribution AB 2015-03-15 - Divestiture
Espoo, Finland · www.fortum.com
Fortum fjernvarme AS 2014-03-25 - Divestiture
Sandvika, Norway · www.barum-fjernvarme.no
Firmus Energy 2014-03-25 - Divestiture
Antrim, United Kingdom · www.firmusenergy.co.uk
Enermet Oy 1999-09-07 - Divestiture
Jyskä, Finland
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities - - 4 (50%) -
Energy Services and Equipment - - 3 (38%) -
Environmental 1 (33%) 789M (87%) - -
Internet Software and Services 1 (33%) - - -
Oil/Gas Exploration 1 (33%) 113M (13%) - -
Electrical Equipment - - 1 (13%) -
Total 3 $902M 8 -

By Geo

State/Country Buy Value Sell Value
Finland 1 789M 3 -
Sweden 1 - 2 -
Norway - - 1 -
Poland 1 113M - -
Switzerland - - 1 -
United Kingdom - - 1 -
Domestic 1 (33%) 789M (87%) 3 (38%) -
Cross-border 2 (67%) 113M (13%) 5 (63%) -
Total 3 $902M 8 -

Deal Values

buy # Total
$100M to $1B 2 $902M
TOTAL $902M
Largest Ekokem Oyj
$789M (2016-05-27)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Divested to
Investor(s)
100%
8 (100%)
Strategic(s)
13%
1 (13%)

Company Summary

SECTOR

Utilities

Revenue

6,711   14% 2023
7,774   22% 2022
6,422   87% 2021
49,015   800% 2020
5,447   4% 2019
5,242   16% 2018
4,520   2017
(millions of EUR) Show More Show Less

Employees

5,679

Established

1998

Public

FORTUM

 Subscribe to unlock this and 208,055
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Fortum

Utilities Companies , Finland Companies

Related Lists for Utilities Companies

Largest Utilities Companies , Acquisitive Utilities Companies , Recently Acquired Utilities Companies , Recently Sold Utilities Companies , Private Utilities Companies , Public Utilities Companies , Acquired Utilities Companies , PE Backed Utilities Companies

Related Lists for Finland Companies

Largest Finland Companies , Acquisitive Finland Companies , Recently Acquired Finland Companies , Recently Sold Finland Companies , Private Finland Companies , Public Finland Companies , Acquired Finland Companies , PE Backed Finland Companies
Mergr

Product

Company

Legal