VINCI announces the acquisition of Helios Nordic Energy, which develops large-scale solar farms and energy storage solutions in Sweden
May 29 2024 - 11:00AM
VINCI announces the acquisition of Helios Nordic Energy, which
develops large-scale solar farms and energy storage solutions in
Sweden
Nanterre, 29 May 2024
VINCI announces the acquisition of Helios
Nordic Energy, which develops large-scale solar farms and energy
storage solutions in Sweden
- Acquisition by SunMind, subsidiary
of VINCI Concessions, of 100% of Helios Nordic Energy (“Helios”)
for an initial amount of €73 million
- Helios is a Swedish company
specialising in developing solar farms and batteries to store
energy
VINCI Concessions, through its subsidiary
SunMind, concluded an agreement to acquire 100% of Helios, a
Swedish company specialising in developing solar farms and
batteries to store energy. It operates in northern Europe
(primarily in Sweden and the Baltic countries) and develops
projects until they become Ready to Build (RTB).
Currently 40%-owned by Magnora ASA, a Norwegian
investment fund, Helios shareholders also include the company’s
management team and a few minority investors.
The amount agreed for 100% of the capital
totalled €73 million, alongside a proportion of Helios
revenues over the next five years.
The transaction is expected to be finalised in
June, once regulatory approvals have been received.
This acquisition will enable SunMind to enrich
its expertise in renewable solar energy. In Sweden, it is currently
developing a 100 MWp photovoltaic project at Skavsta airport,
previously managed by VINCI Airports. The company also
operates in France, Portugal and the United Kingdom.
About VINCIVINCI is a global player in
concessions, construction and energy, employing over
280,000 people in over 120 countries. We design, finance,
build and operate infrastructure and facilities that help improve
daily life and mobility for all. Because we believe in all-round
performance, we are committed to operating in an environmentally
and socially responsible manner. And because our projects are in
the public interest, we consider that reaching out to all our
stakeholders and engaging in dialogue with them is essential in the
conduct of our business activities. VINCI’s goal is to create
long-term value for its customers, shareholders, employees, and
partners, and for society at large. www.vinci.com
This press release is an official information document of the
VINCI Group.
PRESS CONTACTVINCI Press DepartmentTel: +33 (0)1
57 98 62 88media.relations@vinci.com
- CP VINCI_ acquisition Helios Nordic Energy_20240529_VA
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