M&A Deal Summary

HitecVision and TronderEnergi Acquire Aneo

On March 1, 2022, private equity firm HitecVision and TronderEnergi acquired renewable energy company Aneo

Acquisition Highlights
  • This is HitecVision’s 2nd and TronderEnergi’s 1st transaction in the Renewable Energy sector.
  • This is HitecVision’s 41st and TronderEnergi’s 1st transaction in Norway.

M&A Deal Summary

Date 2022-03-01
Target Aneo
Sector Renewable Energy
Buyer(s) HitecVision
TronderEnergi
Deal Type Joint Venture

Target

Aneo

Trondheim, Norway
Aneo is a Nordic company that invests in renewable energy production, electrification, and energy efficiency. Aneo is one of the wind power, with an annual production of over 6 TWh and which owns 1.2 TWh of wind. Aneo was founded in 2022 and is based in Trondheim, Norway.

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Buyer(S) 2

Buyer

HitecVision

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 8.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

HitecVision is a private equity firm specializing in buyouts and growth capital investments in the oil and gas industry. The Firm targets investments in middle-market companies throughout North America (primarily US) and Northern Europe (primarily Norway and the UK). HitecVision seeks companies with growth potential and unique technologies. The Firm looks to invest €150 to €500 million in companies. Specific areas of interest include drilling/down-hole, exploration/production, field development, mid- and downstream, and subsurface. HitecVision was formed in 1985 and is based in Stavanger. The Firm has additional offices in Oslo and Texas.


DEAL STATS #
Overall 59 of 64
Sector: Renewable Energy M&A 2 of 4
Type: Joint Venture M&A Deals 2 of 4
Country: Norway M&A 41 of 44
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Var Energi

Stavanger, Norway

Var Energi is an independent exploration and production (E&P) company on the Norwegian continental shelf (NCS) with an average production of more than 170,000 barrels of oil equivalent per day. The company operates oil and gas production across the entire shelf, with fields in the Barents Sea, the Norwegian Sea, and the North Sea. Var Energi was founded in 2018 and is based in Stavanger, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 Hafslund Oslo Celsio

Oslo, Norway

Hafslund Oslo Celsio is a heating provider. Company delivers sustainable district heating and power to commercial and residential properties throughout Oslo, providing heating and hot water to more than 200,000 people. Hafslund Oslo Celsio was founded in 2017 and is based in Oslo, Norway.

Buy -
Buyer

TronderEnergi

Trondheim, Norway

Category Company
Founded 1950
Sector Utilities
DESCRIPTION

TronderEnergi is a power company, that operates hydroelectric power plants and wind farms, as well as the power grid in the southern parts. TronderEnergi was founded in 1950 and is based in Trondheim, Norway.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2022 M&A 1 of 1