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Gasum closes acquisition deals with Linde AG and Nauticor

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LNG Industry,

The Nordic energy company Gasum has closed its acquisition of Linde AG’s LNG and biogas business in Sweden and Norway and Nauticor’s marine bunkering business in Germany.

In the transactions Gasum acquired Linde’s LNG and biogas business and Nauticor’s marine bunkering business, including approximately 35 employees, an established customer base and several assets. The transactions strengthen Gasum’s strategy with regards to developing the Nordic gas market, and also create a platform for a broader offering for its customers in the maritime, industry and road transport segments. The acquisitions also accelerate Gasum’s growth strategy for cleaner transport solutions in the Nordic heavy-duty vehicle market.

“We are very pleased about this transaction which is an important step for Gasum when building the Nordic gas ecosystem and responding to increasing customer demand for low-emission energy solutions. The acquisition is part of our strategy execution and further strengthens the company’s capacity to offer gas solutions for various customer segments in multiple locations. The acquisition enables Gasum to supply and to ensure the availability of a competitive, low-emission form of energy to meet the demands of industrial, maritime and road transport customers in the Nordic countries,” says Gasum CEO Johanna Lamminen.

“We are certain that Gasum will be a strong owner that will successfully develop the cleaner energy and maritime bunkering businesses further,” says Jan Ellringmann, Business President, Linde Region Europe North.

As part of the transactions, several assets were transferred to Gasum, including the following:

  • LNG terminals in Sweden and in Norway.
  • Bunkering vessel Seagas.
  • Bunkering vessel Kairos.
  • 48 gas filling stations in Sweden and Norway.

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