biogas

Scandinavian Biogas Finalizes Acquisition of Ekdalens Biotransporter AB

8
Scandinavian Biogas Fuels International AB, a leading producer of biogas in the Nordics,  announced it has finalized the acquisition of Ekdalens Biotransport AB.
Scandinavian Biogas Finalizes Acquisition of Ekdalens Biotransporter AB
Courtesy of Ekdalens

The acquisition is part of Scandinavian Biogas’s strategy to achieve greater integration across the entire value chain, from organic waste to produced biogas and bio-fertilizer, and the capacity to offer comprehensive transport service to the biogas industry.

Ekdalens is a market leader in the transport of organic material with a focus on substrate and bio-substrate to and from biogas facilities in southern Sweden. Ekdalens has had a positive operational and financial development in recent years, with several new customers and high capacity utilization.

Biogas production is a growing industrial sector, and reliable substrate suppliers are absolutely crucial for the biogas industry. Biogas producers therefore need a strong logistics partner with a high level of expertise. Ekdalens matches this description perfectly, and its expertise will be important and advantageous for the entire biogas industry in Sweden, as well as for Scandinavian Biogas’s future growth projects, including the one that are pursuing with farmers in Mönsterås Municipality.

Ekdalens, headquartered in Helsingborg, was founded in 2005 by Ulf Wäktare, the current CEO and previous owner. Wäktare will continue as Ekdalens operations manager and will join the management team of Scandinavian Biogas’s Swedish operations. Ekdalens will continue to operate in its current form and the direction of the business will remain unchanged.

The acquisition terms in summary:

  • Total purchase price was divided as follows;
    • Cash payment of SEK 25.3 million
    • Issue of 444,444 shares in Scandinavian Biogas
    • Potential future earn-out payments based on Operative EBITDA 2020-2022, discounted to SEK 26.4 million

Matti Vikkula, CEO of Scandinavian Biogas, said, “It is gratifying to be able to follow up on our press release as of 30 November 2020 about the acquisition of Ekdalens Biotransporter AB, with the fact that it is now completed. We look forward to integrate Ekdalens into our group, and the increased sales and positive result are welcomed.”

 

Tags: Transport , Fuel , Waste , Biogás
Add a comment
farhan
I have bookmarked your website because this site contains valuable information in it. I am really happy with articles quality and presentation. Thanks a lot for keeping great stuff. I am very much thankful for this site. Locksmith service in Bet Shemesh
farhan
Thanks for sharing us. Movies flix
john
Thanks for the blog post buddy! Keep them coming... 안전놀이터
farhan
Positive site, where did u come up with the information on this posting?I have read a few of the articles on your website now, and I really your style. Thanks a million and please keep up the effective work. 토토사이트
farhan
I appreciated your work very thanks 메이저놀이터
farhan
Took me time to read all the comments, but I really enjoyed the article. It proved to be Very helpful to me and I am sure to all the commenters here! It’s always nice when you can not only be informed, but also entertained! 안전놀이터
john sasda 111
You make so many great points here that I read your article a couple of times. Your views are in accordance with my own for the most part. This is great content for your readers. 토토사이트
Legend Seo
Thank you for such a well written article. It’s full of insightful information and entertaining descriptions. Your point of view is the best among many. 123movie