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Fortum Mergers & Acquisitions

Fortum M&A Summary

Fortum has acquired 3 companies. A total of 1 acquisition came from private equity firms. It has also divested 9 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%).

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity3
    • M&A Sell Activity9
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 7

Fortum

Fortum Oyj

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

All (12) Buy (3) Sell (9)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2021-03-12 Fortum - District Heating Platform · Utilities
Espoo, Finland

Fortum's District Heating Platform operates across Estonia, Latvia, and Lithuania has 74 generation assets, which generate a heat capacity of 881 MW and a power capacity of 130 MW across 387 kilometers of district heating networks. The District Heating Platform's fuel is largely derived from renewable or recycled sources, mainly biomass. Growing demand for district heating is being driven by several transformative trends in the region, including fast-growing economies and urbanizing populations, as well as rising support for sustainable energy initiatives.

- Divestiture

Partners Group PE

Fortum


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