The transaction will make Oulu-based Partnera the majority shareholder (70%) of KPA Unicon Group. Previous majority owner, Prounicon will continue as the Group\u2019s minority shareholder (30%). Canelco and the funds managed by it, that owned 37% of KPA Unicon\u2019s shares, are disposing all of their holdings in connection with the transaction.<\/p>\n
KPA Unicon will remain an independent company in the Partnera Group and will have a strengthened focus on providing added value to its customers by developing solutions based on clean energy and reducing the use of fossil fuels. The company\u2019s growth is supported by the global energy system\u2019s transition to decentralised, low-emission energy production and the universal need to promote a circular economy.<\/p>\n
The transaction is estimated to be completed in Q2 2021.<\/p>\n
KPA Unicon is a Finnish company that has been an advocate of clean, renewable energy since 1990. KPA Unicon provides new clean energy solutions, upgrades existing production systems with renewable technologies and innovative digital tools. The company is headquartered in Pieks\u00e4m\u00e4ki, Finland, and employed 202 energy industry professionals in eight countries at the end of 2020.<\/p>\n
Jukka-Pekka Kovanen, CEO of KPA Unicon, said: \u201dI couldn\u2019t be happier that our new principal owner, Partnera, is a solid listed company that will support us in implementing our international growth strategy. Our growth is supported by the global energy system\u2019s transition to decentralised, low-emission energy production and the universal need to promote a circular economy. With our new owner, we can focus even more on providing added value to our customers by developing solutions based on clean energy production and reducing the use of fossil fuels.\u201d<\/p>\n
Pekka Kovanen, teollisuusneuvos of Prounicon, said: \u201cThis is a new and significant step for KPA Unicon as a rapidly developing clean-energy operator on the national and international markets.\u00a0 For our family business, Prounicon Oy, it means that we are no longer the principal owner of KPA Unicon Group Oy. We will retain a major stake in KPA Unicon Group Oy with our 30% share, however. The ownership of Prounicon Oy will stay entirely in our family, which originally founded KPA Unicon.\u201d<\/p>\n
Pekka Hietala, Partner at Canelco, said: \u201dIt has been a great honour to be involved in the systematic implementation of the long-term growth strategy jointly drawn up for KPA Unicon in 2010. This work has also been very much in line with my own values. I have a firm belief that the company\u2019s new ownership structure will propel it to further growth. The company has always had a strong vision of the transitions in the energy industry and a great capacity for renewal.\u201d<\/p>\n
Oulu-based Partnera is a publicly listed business group that creates shareholder value and a more sustainable future through its operations. The company builds the business group mainly with equity and, as a rule, aims to be the majority owner of the companies.<\/p>\n
Prounicon Oy is a Finnish family-owned company founded in 1990.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Deal The transaction will make Oulu-based Partnera the majority shareholder (70%) of KPA Unicon Group. Previous majority owner, Prounicon will continue as the Group\u2019s minority shareholder (30%). Canelco and the funds managed by it, that owned 37% of KPA Unicon\u2019s shares, are disposing all of their holdings in connection with the transaction. KPA Unicon […]<\/p>\n","protected":false},"author":1,"featured_media":4119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transactions"],"acf":[],"yoast_head":"\n