Energy infrastructure company Nevel has entered into an agreement to acquire Åmotfors Energi from Nordic Paper, a leading Nordic specialty paper producer, as well as other shareholders.

Åmotfors Energi’s business consists of production of steam, heat and electricity as well as energy recovery services. The energy is distributed mainly to Nordic Paper’s Åmotfors Kraft paper production mill and to the Eda municipality district heating network. Energy is produced through the incineration of household waste sourced from nearby municipalities in Sweden and in Norway, supporting the local circular economy. The companies have a joint ambition to improving energy efficiency and reducing CO2 emissions.

Nevel is advised by KANTER in the transaction.