Sale of Lämpö Korpela to Loimua
3J Partners Oy acted as financial advisor to the sellers
in a transaction where Korpelan Voima joint municipal corporation sold Lämpö Korpela Oy to Loimua Oy. As a result of the transaction, the entire share capital and district heating business of Lämpö Korpela Oy will be transferred to Loimua. The district heating business covers production and distribution of heating in the urban area of Sievi. The sales volume of Sievi’s district heating network is 14 gigawatt-hours per year, and there are more than 100 district heating customers in the area. Heat production is almost 100% based on domestic, local peat and forest chips.
“We are convinced that Sievi’s district heating operations are a good fit for Loimua’s service offering, and district heating operations in Sievi are in good hands,” says Perttu Huovinen, Deputy Chief Executive Officer of Korpelan Voima joint municipal corporation.
“Sievi’s district heating operations complement Loimua’s district heating operations in the area where we already operate in Oulainen and Kärsämäki. The transfer of Sievi’s district heating operations to Loimua guarantees the customers of the district heating network a competent and reliable partner that is able to further develop operations and offer new services to existing customers. I warmly welcome Sievi’s customers to Loimua,” says Matti Tynjälä, CEO of Loimua.
Lämpö Korpela
Lämpö Korpela, part of Korpelan Voima’s joint municipal corporation, operates district heating business in Sievi. In 2023, the company supplied approximately 13,360 MWh of district heat with 100% reliability. The company produces district heat mainly with regional fuels, milled peat and wood chips.
Loimua
Loimua Oy supplies district heat and natural gas to households and companies in Hämeenlinna, Janakkala, Hattula, Akaa, Heinola, Kärkölä, Vilppula, Jyväskylä, Laukaa, Uurainen, Oulainen, Kärsämäki and Sievi. The company utilises industrial waste heat in its district heating network and offers its customers tailored heating and cooling solutions.
Read more:
Korpelan Voima press release (in Finnish): “Loimua ostaa Sievin kaukolämpötoiminnan”
Loimua press release (in Finnish): “Loimua ostaa Sievin kaukolämpötoiminnan”
