Solör Bioenergy Group have entered into an agreement with Strängnäs municipality for a potential acquisition of 80% of the shares in the municipal district heating business

Solör Bioenergy Group announced today that it has been selected as preferred buyer of 80% of the shares in Strängnäs district heating business, with intention to name the new company Solör Bioenergi Strängnäs AB. The transaction is subject to approval by Strängnäs city council. The purchase price amounts to SEK 1.2 bn for 80% of the shares.

– Strängnäs District Heating will be a central part in Solör Bioenergy Group ́s development in the Mälardalen region, says Martinus Brandal, Chairman & CEO of Solör Bioenergy Group. We are highly committed to support the city of Strängnäs ́ growth ambitions and further development of sustainability within the renewable energy market. The municipalities’ goal matches perfectly with Solör Bioenergy Group ́s strategy”, says Brandal.

The production of district heating in Strängnäs amounts to approx. 200 GWh energy annually, which includes district heating, steam and electricity.

For further information, contact:
Anders Pettersson, Managing Director & COO Solör Bioenergy Group, +46 70 491 5595 Florian Raitner, CFO, Solör Bioenergy Group, +41 786 79 8844

Solör Bioenergy Group
Solör Bioenergy Group, is a leading player in renewable energy based on wood fuels with over 218,000 users every day. The company is located at 165 sites, primarily in Sweden and Norway, where they produce and distribute district heating, steam and electricity to homes, companies, public enterprises and industries. The business also includes energy recovery of impregnated wood and production of biofuel. By making use of the forest’s resources, Solör wants to make way for a sustainable society with reduced carbon dioxide emissions.