Fortum Acquires Turebergs Recycling
On December 21, 2016, publicly listed Fortum Oyj (FUM1V:Helsinki) finalised an acquisition of Turebergs Recycling AB from Turebergs Group.
Turebergs Recycling is engaged in environmental construction, recycling and processing of bottom ash from waste-to-energy plants. The company has long-term contracts with its customers, based on which Turebergs Recycling receives combustion residues, treats them and utilizes the cleansed material as infrastructure construction material. An important part of the business is separation of metals for reuse. The company will be integrated as a part of Fortum’s City Solutions division, which through the acquisition of Ekokem in August 2016 has strong competences and existing business in ash treatment.
Carlsquare acted sole financial adviser to the seller.
Type of buyer:Publicly listed