Vinci Acquires Swedish Renewables Developer Helios Nordic Energy

• Vinci SA's acquisition of Helios Nordic Energy AB for EUR 73 million will boost their presence in the Nordic renewable energy market. Exciting times ahead for SunMind!

French company Vinci SA has agreed to acquire Swedish solar and storage developer Helios Nordic Energy AB for EUR 73 million. The deal, conducted through Vinci's SunMind unit, will give Vinci a stronger presence in the Nordic renewable energy market. The transaction is expected to be completed in June, with the sellers also receiving a portion of Helios revenues over the next five years.

Helios Nordic, based in Uppsala, focuses on developing solar and energy storage projects in northern Europe, particularly in Sweden and the Baltic states. The company's stock is currently owned 40% by Norwegian renewable energy investment fund Magnora ASA, with the rest held by the management team and minority investors. The acquisition will enhance SunMind's expertise in renewable energy projects, including a 100-MW photovoltaic scheme at Sweden's Skavsta airport.

How will Vinci SA's acquisition of Helios Nordic impact the Nordic renewable energy market?

• Vinci SA's acquisition of Helios Nordic will likely bring additional financial resources and expertise to the Nordic renewable energy market
• The acquisition may lead to increased investment in renewable energy projects in the Nordic region, driving further growth in the sector
• Helios Nordic's existing portfolio of renewable energy assets may benefit from Vinci SA's global network and resources, potentially leading to improved operational efficiency and performance
• The acquisition could also result in the introduction of new technologies and innovations to the Nordic renewable energy market, further advancing the transition to clean energy sources
• Overall, Vinci SA's acquisition of Helios Nordic is expected to have a positive impact on the Nordic renewable energy market, fostering continued development and expansion in the region.