KPA Unicon Group changes ownership | Kpa Unicon

Business group Partnera Oyj has today, on 28.4.2021, signed an agreement to acquire a majority share in the KPA Unicon Group.

The acquisition will make Oulu-based Partnera the majority shareholder (70%) of KPA Unicon Group. The Kovanen family’s company Prounicon Oy will continue as the Group’s minority shareholder (30%). The investment firm Canelco Capital Oy, and the funds managed by it, that owned 37% of KPA Unicon’s shares, and the funds managed by it are disposing of their holdings in connection with the acquisition.

Partnera will be a long-term majority owner for KPA Unicon. As a financially solid owner, it will help KPA Unicon implement its international growth strategy and develop new clean-energy solutions. After the acquisition, KPA Unicon will remain an independent company in the Partnera Group, and there will be no overlap between the operations or organisations of Partnera and KPA Unicon. With its new owner, KPA Unicon can focus even more on providing added value to its customers by developing solutions based on clean energy production and reducing the use of fossil fuels.

”Partnera’s strategic goal is to use its capital to develop business that can promote a positive impact on society and the goals of sustainable development. KPA Unicon is a fantastic complement to our business group, since its products and services are good for both environment and society”, says Jari Pirkola, CEO of Partnera Oyj.

”I couldn’t be happier that our new principal owner, Partnera, is a solid listed company that will support us in implementing our international growth strategy. Our growth is supported by the global energy system’s transition to decentralised, low-emission energy production and the universal need to promote a circular economy. With our new owner, we can focus even more on providing added value to our customers by developing solutions based on clean energy production and reducing the use of fossil fuels”, says Jukka-Pekka Kovanen, CEO of KPA Unicon Group Oy.

“This is a new and significant step for KPA Unicon as a rapidly developing clean-energy operator on the national and international markets.  For our family business, Prounicon Oy, it means that we are no longer the principal owner of KPA Unicon Group Oy. However, we will retain a major stake in KPA Unicon Group Oy with our 30% shareholding, however. The ownership of Prounicon Oy will stay entirely in our family, which originally founded KPA Unicon”, says teollisuusneuvos Pekka Kovanen of Prounicon Oy.

”It has been a great honour to be involved in the systematic implementation of the long-term growth strategy jointly drawn up for KPA Unicon in 2010. This work has also been very much in line with my own values. I have a firm belief that the company’s new ownership structure will propel it to further growth. The company has always had a strong vision of the transitions in the energy industry and a great capacity for renewal”,  says Pekka Hietala, Partner at Canelco Capital Oy.

Partnera Oyj

Partnera is a business group that creates shareholder value and a more sustainable future through its operations. The companies owned by Partnera produce services and products to meet the needs of society and respond with their operations to game-changing megatrends, such

as changes in consumer values, urbanisation and digitalisation. Partnera acts as a partner for the companies it owns and aims at developing their business and value in the long term. When building its business group in accordance with its strategy, Partnera is also an impact investor, whose goal is to use its capital to develop business that can promote a positive impact on society and the goals of sustainable development. The company builds the business group mainly with equity and, as a rule, aims to be the majority owner of the companies it owns.

KPA Unicon

KPA Unicon is a Finnish company that has been an advocate of clean, renewable energy since 1990. KPA Unicon creates and implements new clean-energy solutions around the world. It also upgrades existing production systems with renewable energy technologies and equips energy producers with innovative digital tools. The company aims to be at the forefront of the debate for clean energy and to provide added value to its partners. The company is headquartered in Pieksämäki, Finland, and employed 202 energy industry professionals in eight countries at the end of 2020.

 Prounicon Oy

Prounicon Oy is a Finnish family-owned company founded in 1990. Its main lines of business are international business and development and management functions in the energy industry.

Canelco Capital Oy

Canelco is a responsible investment company that invests in and develops Finnish SMEs. Canelco sees ownership as an active, long-term partnership. Canelco works in close cooperation with the senior management and key stakeholders of its holdings to ensure stable growth. Canelco fosters growth and development in the companies it invests in, creating owner value and positive social impact.

 For more information, please contact:

 Jari Pirkola, CEO, Partnera Oyj, tel. +358 400 867 784,

Jukka-Pekka Kovanen, CEO, KPA Unicon, tel. +358 40 511 6234,