Acquisition of Elektron ApS

MHS Corporate Finance acted as exclusive financial advisor to OK a.m.b.a. on the acquisition of electricity company Elektron

OK a.m.b.a., a Danish utility company, has acquired Elektron ApS. The OK Group entered into an agreement to take over the successful Aarhus company Elektron, which supplies electricity to private customers. The acquisition helps to underpin OK’s strategy and ambition to become an even bigger player in residential energy solutions in the coming years.

“Our goal is to become the Danes’ preferred green energy partner for housing and business, and acquisitions are one of the ways to achieve that goal. Elektron is a really exciting company that has experienced strong growth since its foundation in 2014. It’s an efficient company with many satisfied customers, and we think it’s a really good match. That is why we are of course thrilled to have reached an agreement.”

— Michael Lamberth, CCO in OK a.m.b.a.

For more information about the transaction, please visit here.

 About OK

OK a.m.b.a. is a Danish cooperatively-owned utility company with a revenue of EUR 1.7 billion. OK is a nationwide supplier of gas, diesel, transport diesel, heating oil, electricity, and natural gas to both private and business customers. OK also advises, plans, and installs heat pump solutions in all sizes and is one of the largest suppliers of heat pumps in Denmark.

About Elektron

Elektron ApS is a Danish electricity company based in Aarhus. The company supplies green electricity from wind turbines to private customers.