Altor acquires E.ON ES
Altor Fund III (“Altor”) has signed an agreement to acquire 90.5% of E.ON ES (“ES”), Sweden’s leading engineering and contracting company within services to the energy industry, from E.ON Sverige ABE.ON ES is a leading engineering and contracting company within services related to production and distribution of energy and related services. E.ON ES originates from the project, operation and maintenance activities of Sydkraft (today E.ON Sverige), and was created as a result of an outsourcing process in the early 1990’s. Since then E.ON ES has, on an arm’s length basis, successfully developed