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 environmental (34%) and internet software and services (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

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