Gasum acquires parts of AGA and Nauticor

Together, the businesses employ 35 employees and generate annual revenues of more than €100 million. 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 acquisition will strengthen Gasum’s business by developing the Nordic gas market and creating a platform for a broader offering to its customers in the maritime, industry and road transport segments. The acquisition also supports Gasum’s growth strategy for cleaner transport solutions in the Nordic heavy-duty vehicle market.

”The acquisition of AGA’s Clean Energy and Nauticor’s Marine Bunkering businesses is an integral part of our growth strategy,” commented Gasum chief executive, Johanna Lamminen.

“The 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. We are very excited about this transaction which is important step for our company when building the Nordic gas ecosystem and answering the increasing demand for low-emission energy solutions from customers,” she added.

The acquisition was signed on 13 November 2019 and is subject to relevant approvals from competition authorities. The transaction is anticipated to be completed during 2020.