Polhem Infra acquires equity stake in Solör Bioenergy Group

Polhem Infra, a wholly owned by the Swedish State Pension Funds AP1, AP3, and AP4, has completed the acquisition of 21.45% of the shares in Solör Bioenergy Group from existing shareholders. 10% of the shares are sold by the majority shareholder BE BioEnergy Group and 11.45% from Arvin Meritor, Sunrise, YRC, and J&J.

Solör Bioenergy Group provides essential energy services primarily in Sweden, Norway, and Poland. The Group produces wood-based bioenergy for the public and private sector including private households, municipalities, industrial customers and local/regional governments.

As a leading bioenergy company, the Group is operating in the entire value chain from procurement, production and distribution to sale of energy in form of district heating, local heat, industrial steam, electricity, and various biomass products. Within the Group's operations, there are 56 central district heating plants, 86 local district heating plants, 3 environmental terminals, 4 pellet plants, and 1 briquette plant. The annual energy delivery amounts to approximately 2.5 TWh and the Group has approximately 8,800 customers and the equivalent of 156 500 users

Financial details of the deal were not disclosed.