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KPA Unicon Group changes ownership
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.
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