Press release -
Axel Johnson invests in Eneo
One of the leading industrial and trading groups in the Nordic region invests in Eneo to help build our market leadership in solar power for large companies in Europe.
After recently having signed agreements with Toyota and Swedbank we can now announce that Axel Johnson, a leading Nordic investment firm, invests in Eneo.
Stina Andersson, COO Axel Johnson: “We want to invest in brilliant entrepreneurs in areas with underlying growth that fit Axel Johnson’s values and long-term perspective. We are happy to be able to back a team and a business with this investment that meets our criteria in such a fantastic way. We see that the service model for solar energy that Eneo operates has grown rapidly in the US and we are convinced that together we can create a leading position when we make the corresponding growth journey in Europe.”
Harald Överholm, CEO and co-founder of Eneo:
“It feels exciting and important to bring in a value-driven investor like Axel Johnson as an owner in Eneo. Axel Johnson’s combination of driving entrepreneurship and growth combined with a distinct long-term approach will help us reach even more customers and drive renewal of the energy supply of European companies and organizations”.
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About Axel Johnson
Axel Johnson builds and develops profitable trade and service businesses in the European market, with a focus on the Nordic countries. The wholly and partly owned companies within Axel Johnson had a total annual turnover of approximately EUR 8 bn in 2018 and employ approximately 22,000 people.
About Eneo
Eneo offers better power to large organizations. Better means cheaper, more predictable in terms of cost and greener than alternatives. Our customers sign long-term Power Purchase Agreements (PPAs) with us to buy power. We finance, build and operate solar installations to generate that power. Today we operate over 40 PPA-based solar plants for commercial and public sector customers.
