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  5. Festi hf Acquires Íslensk Orkumiðlun ehf

M&A Deal Summary

Festi hf Acquires Íslensk Orkumiðlun ehf

On March 1, 2020, Festi hf acquired distribution company Íslensk Orkumiðlun ehf

Acquisition Highlights
  • This is Festi hf’s 1st transaction in the Distribution sector.
  • This is Festi hf’s 1st transaction in Iceland.

M&A Deal Summary
Date 2020-03-01
Target Íslensk Orkumiðlun ehf
Sector Distribution
Buyer(s) Festi hf
Deal Type Add-on Acquisition

Target

Íslensk Orkumiðlun ehf

Reykjavík, Iceland
Íslensk Orkumiðlun is an electricity distributor specializes in selling 100% green electricity to companies and households all over the country. Íslensk Orkumiðlun ehf was established in 2017 and was licensed to conduct electricity transactions from the National Energy Authority the same year.

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Buyer(S) 1

Buyer

Festi hf

Kópavogur, Iceland
Category Company
Founded 2007
Sector Retail
DESCRIPTION

Festi hf is a holding company that specializes in the operations of companies that are major in retail and fuel sales in Iceland. Festi's role is to provide management companies with support to meet customer requirements so that Festi can remain at the forefront of service and product offerings throughout the country.

DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Iceland M&A 1 of 1
Year: 2020 M&A 1 of 1
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