14NOV2019 - NEWS - Gasum acquires gas businesses from Linde AG

Empower Bunker Trading

Energy company Gasum is acquiring AGA’s Clean Energy business and Nauticor’s Marine Bunkering business from Linde AG. The acquisition will enhance the development of the Nordic gas market and create a platform for Gasum to provide a broader offering to meet the increasing demand for low-emission energy solutions from customers in industry, maritime and road transport. The transaction will improve access to competitive natural gas and biogas, multiply the available LNG logistics capacity and expand Gasum’s Nordic gas filling station network.

Together, the businesses employ 35 people and generate annual revenues of more than € 100 million. In the acquisition, several assets will be transferred to Gasum. These include an LNG liquefaction plant, two LNG terminals, two LNG bunkering vessels, and 48 gas filling stations in Sweden and Norway. The acquisition was signed on 13 November 2019. It is subject to relevant approvals from competition authorities and is anticipated to be completed during 2020.

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