Dala Energi Partners with Nordion Energi in a Valued at SEK 3.52 Billion Deal

Dala Energi enters into a partnership with Nordion Energi, where Nordion will acquire 51% of the shares in a new company owning Dala Energi's electricity network, fiber network, and infrastructure services. The valuation is SEK 3.52 billion, and the transfer of shares will occur on December 19. The municipalities of Rättvik, Leksand, and Gagnef have the opportunity to buy 24.5% of the shares.

Dala Energi, a leading Swedish energy company, has announced a strategic partnership with Nordion Energi, where the latter will acquire a 51% stake in a newly formed company owning Dala Energi's electricity network, fiber network, and infrastructure services [1]. The valuation of this deal amounts to SEK 3.52 billion, and the transfer of shares is scheduled for December 19.

The municipalities of Rättvik, Leksand, and Gagnef have the opportunity to purchase 24.5% of Dala Energi's shares in the new company [1]. This potential acquisition aligns with Dala Energi's commitment to fostering local partnerships and empowering its shareholders [2].

Dala Energi and Nordion Energi initiated exclusive talks in June, aiming to secure long-term growth in Dala Energi's electrical and fiber networks and to address challenges in the energy sector [1]. The companies have agreed on the main commercial terms of the partnership, with Nordion Energi set to acquire 51% of the shares in the new company [1].

The strategic partnership presents several benefits for both parties. Dala Energi, with its strong local presence, can leverage Nordion Energi's industrial expertise and financial resources to strengthen its market position [1]. Meanwhile, Nordion Energi can expand its footprint in the Swedish energy market and contribute to Dala Energi's ambitious goal of promoting climate neutrality [1].

Moreover, this partnership aims to create a stable and long-term collaboration platform, enabling more network companies to join [1]. Dala Energi's board of directors plans to offer the three municipalities the opportunity to convert their entire or partial shareholding in Dala Energi to direct ownership in the new platform, potentially leading to a 75.5% sale of Dala Energi's stake [1].

The decision to approve this partnership requires the approval of Dala Energi's shareholders, which is expected to be given during an extraordinary general meeting on November 15 [1]. The Dala Energi board of directors recommends that shareholders approve the deal and the subsequent buyout options for the three municipalities [1].

Sources:
[1] Nordion Energi. (2024, October 3). Dala Energi och Nordion Energi har ingått avtal om strategiskt partnerskap---slutgiltigt beslut fattas på en extra bolagsstämma. https://nordionenergi.se/nyheter/2024-10-03-dala-energi-och-nordion-energi-har-ingatt-avtal-om-strategiskt-partnerskap---slutgiltigt-beslut-fattas-pa-en-extra-bolagsstamma
[2] Dala Energi. (n.d.). Om oss. https://www.dalaenergi.se/om-oss/