Fortum Mergers and Acquisitions Summary

UtilitiesCompany

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%).

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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 3

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 ≤ '18 '19 '20 '21 '22 '23 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
Fortum, Finland · www.fortum.com/en/corporation/our-business/distribution/
Fortum fjernvarme AS 2014-03-25 - Divestiture
Sandvika, Norway · www.barum-fjernvarme.no
Firmus Energy 2014-03-25 - Divestiture
Antrim, Ireland · 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 -
Ireland - - 1 -
Norway - - 1 -
Poland 1 113M - -
Switzerland - - 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%)

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

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