E.on agrees to acquire 100% stakes of Coromatic

E.ON has agreed to acquire 100% of the shares in Swedish flexible electricity distribution company Coromatic Group from EQT fund Expansion Capital II. 

Coromatic Group AB, along with its subsidiaries, provides critical infrastructure solutions safeguarding continual power supply and data communications. The company builds data centers, and other mission-critical and technical buildings primarily in Scandinavia, as well as in Europe, Africa, and Asia. Its services include data center analysis, data center infrastructure management, consultancy, energy management, information technology relocation, thermography, monitoring, energy efficiency, and security services. The company also sells power and cooling, network and data communications, and security systems. It serves companies and organizations worldwide.

The transaction is subject to approval from the relevant authorities and is expected to close in late Q2 or Q3 2019.

SEB and Mannheimer Swartling are advising E.ON on this transaction.