Finnish gas company Gasum has decided to acquire AGA’s Clean Energy and Nauticor’s Marine Bunkering businesses from their current owner, Linde AG.
Under the deal signed on November 13, 2019, several assets will be transferred to Gasum including an LNG liquefaction plant, two LNG terminals, two LNG bunkering vessels, and 48 gas filling stations in Sweden and Norway.
As explained, the acquisition would strengthen Gasum’s strategy by developing the Nordic gas market and creating a platform for a broader offering in the maritime, industry and road transport segments. In addition, it would accelerate Gasum’s growth strategy for cleaner transport solutions in the Nordic heavy-duty vehicle market.
“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,” according to the company.
”The acquisition of AGA’s Clean Energy and Nauticor’s Marine Bunkering businesses is an integral part of our growth strategy. The acquisition enables Gasum to supply and to ensure the availability of a competitive, low-emission form of energy to meet the demands of industrial, maritime and road transport customers in the Nordic countries,” Johanna Lamminen, Gasum CEO, commented.
Anticipated to be completed during 2020, the transaction is subject to relevant approvals from competition authorities.