Add-on Acquisition • Renewable Energy

Ellevio Acquires Markbygden Net

On September 20, 2023, Ellevio acquired renewable energy company Markbygden Net

Acquisition Context

This is Ellevio’s 1st transaction in the Renewable Energy sector.
This is Ellevio’s 1st transaction in Sweden.

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M&A Deal Summary
Date	September 20, 2023
Target	Markbygden Net
Sector	Renewable Energy
Buyer(s)	Ellevio
Deal Type	Add-on Acquisition

Target Company

Markbygden Net

Pitea, Sweden

Markbygden Net is own and operate of wind farm. Markbygden Net is based in Pitea, Sweden.

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Buyer Overview 1

Buyer

Ellevio

Stockholm, Sweden

Category	Company
Founded	2015
Sector	Utilities

DESCRIPTION

Ellevio is a provider of electricity flowing silently from the sockets at home into mobile phones, coffee makers and bedside lamps Or into the electric motor that makes lifts, pumps and cranes spin and work. In total, 7,000 miles of lines supply close to a million households and businesses in Sweden with electricity. Ellevio was founded in 2015 and is based in Stockholm, Sweden.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Renewable Energy	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Sweden	1 of 1
Year: 2023	1 of 1

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