The Nevel transaction between Vapo and Ardian, a world leading private investment house, has been completed today. Nevel’s ownership has been transferred to Ardian Infrastructure. Competition authorities in Finland and in Sweden granted their approval for the transaction in December 2020.
Nevel’s work to drive the development of utility infrastructure initiatives for industries and municipalities continues. Ardian’s ownership provides an opportunity to accelerate the efforts and explore new business opportunities in all the markets where Nevel operates with a strong focus on sustainability. For customers, the new ownership opens up an opportunity to widen their collaboration with Nevel.
“Ardian’s ownership provides us a solid support in our mission to take utility infrastructure to the next level. With this cooperation we bring value to our customers, the environment and society as a whole by creating local ecosystems and enabling efficient use of resources,” says Nevel’s CEO Markus Hassinen.
For more information contact:
Markus Hassinen, +358 40 159 0314, Nevel CEO
Hanna Viita, +358 40 1671755, Nevel marketing and communications
Nevel is an advanced infrastructure company, committed to taking industrial and municipal infrastructure solutions to the next level. The company operates more than 130 energy production sites and manages over 40 district heating networks with the most sophisticated digital platform in the industry. Nevel employs 130 experts in Finland, Sweden and Estonia. The company’s turnover is EUR 100 million.
Ardian is a world-leading private investment house with assets of US$103bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world. Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 700 employees working from fifteen offices across Europe, the Americas and Asia. It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.