Solör Bioenergi acquires Lantmännen Agrovärme
Lantmännen divests Lantmännen Agrovärme and its subsidiaries. The buyer is Solör Bioenergi – one of the largest players on the Swedish and Nordic district heating markets.
Lantmännen divests Lantmännen Agrovärme, which produces, distributes, and sells district heating from 19 plants in the southern and central parts of Sweden to approximately 1100 customers. The company has a clear focus on providing its customers with sustainable energy. The buyer is Solör Bioenergi – one of the largest players in the Swedish and Nordic district heating markets.
Lantmännen Agrovärme's strategy is to contribute to a circular economy. About 95 percent of the heat from Lantmännen Agrovärme comes from the combustion of locally produced biofuels, such as wood chips, energy forests, wood pellets and rest products from agriculture.
Lantmännen Agrovärme operates in 19 locations in Sweden and the heating plants deliver approximately 150 GWh annually. In 2019, the business expanded to include production of biochar in several of Agrovärme's plants.
"Lantmännen Agrovärme is a stable company that has shown good development in its local markets for several years. However, in order to maintain its growth rate, it is important that Agrovärme becomes part of a larger company with district heating as its core business,” says Joachim Haas, Managing Director, Lantmännen Fastigheter.
The transaction is expected to be completed in September.
For more information, please contact:
Joachim Haas, Managing Director, Lantmännen Fastigheter
E-mail: joachim.haas@lantmannen.com
Lantmännen's press office
Tel: 010 556 88 00
E-mail: press@lantmannen.com
About Lantmännen
Lantmännen is an agricultural cooperative and Northern Europe’s leader in agriculture, machinery, bioenergy and food products. Owned by 19,000 Swedish farmers, we have 10,000 employees, operations in over 20 countries and an annual turnover of SEK 50 billion. With grain at the heart of our operations, we refine arable land resources to make farming thrive. Some of our best-known food brands are AXA, Bonjour, Kungsörnen, GoGreen, Gooh, FINN CRISP, Schulstad and Vaasan. Our company is founded on the knowledge and values acquired through generations of farmers. With research, development and operations throughout the value chain, together we take responsibility from field to fork. For more information: www.lantmannen.com
