Energy company Gasum is to acquire AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG.
Through the acquisition, several assets will be transferred to Gasum including an LNG liquefaction plant, two LNG terminals, two LNG bunkering vessels, and 48 gas filling stations in Sweden and Norway.
The transaction will improve access to competitive natural gas and biogas, multiply the available LNG logistics capacity and expand Gasum’s Nordic gas filling station network.
“The acquisition of AGA’s Clean Energy and Nauticor’s Marine Bunkering businesses is an integral part of our growth strategy,” said Johanna Lamminen, Gasum CEO.
“This acquisition enables Gasum to supply and to ensure the availability of a competitive, low-emission form of energy to meet the demands of industrial, maritime and road transport customers in the Nordic countries.”
The acquisition will strengthen Gasum’s strategy by develop the Nordic gas market and creating a platform for a broader offering to its customers in the maritime, industry and road transport segments, as well as accelerating the company’s growth strategy for cleaner transport solutions in the Nordic heavy-duty vehicle market.
“We are very excited about this transaction which is an important step for our company when building the Nordic gas ecosystem and answering the increasing demand for low-emission energy solutions from customers.”
The transaction is subject to relevant approval from competition authorities. The transaction is anticipated to be completed during 2020.