M&A Deal Summary

Axel Johnson International AB Acquires Otovo

On March 3, 2020, Axel Johnson International AB acquired renewable energy company Otovo

Acquisition Highlights
  • This is Axel Johnson International AB’s 2nd transaction in the Renewable Energy sector.
  • This is Axel Johnson International AB’s 2nd transaction in Norway.

M&A Deal Summary
Date 2020-03-03
Target Otovo
Sector Renewable Energy
Buyer(s) Axel Johnson International AB
Deal Type Add-on Acquisition

Target

Otovo

Oslo, Norway
Otovo is a provider of solar panels on the roof, with no hassle and no upfront cost. Otovo was founded in 2016 and is based in Oslo, Norway.

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Buyer(S) 1

Buyer

Axel Johnson International AB

Stockholm, Sweden
Category Company
Founded 1981
Sector Distribution
DESCRIPTION

Axel Johnson International AB is a distributor of steel wires, pumps, bearings, heavy duty vehicle components.

DEAL STATS #
Overall 28 of 28
Sector (Renewable Energy) 2 of 2
Type (Add-on Acquisition) 27 of 27
Country (Norway) 2 of 2
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Eneo Solutions AB

Stockholm, Sweden

Eneo Solutions AB is a full-service solar energy consultancy and PPA provider for government agencies, large corporations and utilities looking to maximize cost savings. Eneo Solutions AB clients include some of the world’s most ambitious leaders in environmental sustainability.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Svea Solar

Stockholm, Sweden

Svea Solar is a green energy and installs solar systems, car chargers, and batteries. Svea Solar was established in 2013 and is based in Stockholm, Sweden.

Sell -
Mergr

Product

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