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 49,015M EUR for 2020 and 5,447M EUR for 2019.

How many employees does Fortum have?

Fortum has 20,036 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’s purpose is to create 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
Buy (0.0/yr)	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

49,015 800%	2020
5,447 4%	2019
5,242 16%	2018
4,520	2017
(millions of EUR)	Show More Show Less

Employees

20,036

Established

1998

Public

FORTUM

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Fortum - M&A Summary and Business Overview

UtilitiesCompany