Latest in Adven

General

Adven to acquire E.ON’s district heating and distributed energy solutions business E.ON Värme Lokala Energilösningar Aktiebolag (‘EVLE’) in Sweden

EVLE owns and operates well established district heating operations in nine municipalities in Southern and Central Sweden. In addition, EVLE has multiple distributed energy solutions locations in the same areas. The business is extremely complementary for Adven, and will augment growth in Sweden. Attractive addition to Adven The business sees…

General

New CEO appointed to Adven

M.Sc (Econ), CFA Jyrki Vainionpää is appointed CEO Adven Group. Vainionpää, currently the Deputy CEO at Vapo Oy, will start at Adven in August 2018. Adven’s CEO Matti Viljo will retire in September 2018. ”Already now, I want to take the opportunity to thank Mr Matti Viljo for a great…

General

Adven acquires the local district heating network (Bio MegaWatt) in Southern Sweden

In September Adven and Bio MegaWatt agreed on an asset deal, whereby Adven acquires Bio MegaWatt’s local district heating network and its operations in Sösdala area, Southern Sweden. There is growth potential in the area and the goal is to develop the district heating operations in the municipality through expansion.…

Industries Material and side stream recovery Evaporation

Evaporation solution – A genuine part of the customer’s production process

Partnership between Adven and Finnamyl stemmed from a need to develop new opportunities for the cell sap that remains after starch separation. Previously, the residual fruit juice was used as it is for fertilizer purposes. Nowadays, the residual fruit juice is concentrated at Adven’s evaporation plant, and the resulting nutrients…

Real estates Geoenergy

Shopping center Jakobsbergs Centrum is now energy self-sufficient thanks to geoenergy

Shopping center Jakobsbergs Centrum in Stockholm area is so far the largest shopping center in Sweden converted to geoenergy. Altogether 68 geo wells were drilled underneath the center which now is almost completely energy self-sufficient thanks to renewable geoenergy. With geoenergy the shopping center’s need of district heating is reduced…

General

Phil Pacey (AMP Capital) has been appointed as a member of Adven’s Board of Directors

Phil Pacey has been appointed as a member of Adven’s Board of Directors from April 1, 2017. Before joining AMP Capital on September 1, 2016 as a Principal in the Infrastructure Equity team, Phil has made an impressive finance and operational career in various key roles, mainly in transportation and…

General

Juhani Sillanpää has been appointed as Senior Vice President, M&A

Adven’s strategic goal is to grow profitably. In order to reach this goal, we need to have a strong organic growth and on top of that we need to make a significant amount of acquisitions during the next few years. Juhani Sillanpää (M.Sc Econ, LL.M EC Law) has been appointed…

General

The energy company Adven will be acquired by AMP Capital and Infracapital

EQT Infrastructure has agreed to sell Adven Group to a consortium comprising of the investment funds AMP Capital and Infracapital. Adven is an energy company operating in Finland, Sweden and Estonia. The transaction is expected to close in January. Päivi Arminen, Director at Investment Advisor EQT Partners Oy, comments: “It…