Finnish Fortum buys two generator businesses in Sweden
- Fortum will acquire Swedish Power Turbo and VG Power Tools companies

Finland's Fortum acquired two generator businesses in Sweden - Power Turbo and VG Power Tools that operate in Vasteras, southern Sweden, Fortum announced Wednesday.

The companies' areas of expertise include maintenance, modernization and balancing of all brands of turbo generators.

Fortum hailed Fortum, VG Power and Power Turbo's abilities that the company declared complement each other very well while offering customers an unparalleled range of services in the Nordic countries for all areas of turbine plants.

"Our goal together is to provide our customers with a broader service offering. We aim to together strengthen our position, particularly in the Swedish markets, and to also pursue growth elsewhere," noted Heikki Andersson of Fortum’s Power Solutions business area.

With the acquisition, a total of 18 electricity and generator sector professionals will transfer from VG Power Tools and Power Turbo to Fortum.

The parties did not provide details on the value of the acquisition.

By Murat Temizer

Anadolu Agency


17 May,2017