Elenia Verkko acquires Asikkalan Voima

Avance advises Elenia Verkko Oy, a leading electricity network infrastructure provider, in the acquisition of Asikkalan Voima Oy from Lahden Energia Oy. Prior to the transaction, Asikkalan Voima was jointly owned by Elenia Verkko and Lahden Energia.

Elenia Verkko Oy is controlled by an investor consortium comprising GS Infrastructure Partners, 3i and Ilmarinen and holds the electricity distribution and district heating operations formerly provided by Vattenfall.