Estonian Competition Authority has approved Enersense’s acquisition of Voimatel Oy’s Estonian operations

Enersense International Plc 
Press release 18 November 2022 at 11:15 a.m. 

Enersense International Plc, a provider of zero-emission energy solutions, has been informed that the Estonian Competition Authority has approved Enersense’s acquisition of Voimatel Oy’s Estonian operations. The completion of the whole transaction between Enersense and Voimatel is subject also to the approval of the Finnish Competition and Consumer Authority. Enersense estimates this decision to take place in the first quarter of 2023. 

Enersense announced on 20 June 2022 that it had signed an agreement on acquiring the entire share capital of Voimatel Oy. The Finnish company Voimatel Oy's business is based on the design and implementation of critical infrastructure, information, distribution, and transmission network services, as well as energy services such as solar energy, electric transport, optimisation of energy use, and energy storage services. Voimatel has three subsidiaries: OptiWatti and Datasilta in Finland and Boftel in Estonia. Voimatel group’s revenue in 2021 was EUR 133.1 million (FAS). The group employs about 1,000 employees. 

More information:  

Jussi Holopainen, CEO  
Tel. +358 44 517 4543  
Email: jussi.holopainen@enersense.com 

Media contacts:  

Tommi Manninen, SVP, Communications and Public Affairs  
Tel. +358 40 043 7515  
Email: tommi.manninen@enersense.com 

Enersense in brief:     

Enersense International Plc is a creator of zero emission energy solutions and strongly supports the ongoing energy transition and enabling a zero-emission society. Enersense Group’s revenue in 2021 was approximately EUR 239 million. The company has approximately 2,000 employees, with operations in Finland and globally in roughly 40 countries. Enersense’s shares are listed on Nasdaq Helsinki (ESENSE). The company’s investor pages can be found at www.enersense.com/investors.