Co-investment in Aurora Infrastructure, an electricity network company in Finland
Investment Date: May 11, 2023
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We have acquired a stake in Aurora Infrastructure Oy ("Aurora Infrastructure") through an investment with Equitix Limited. Aurora is a Finnish company that provides electricity network solutions where reliability is crucial to customer operations. The company currently operates at two industrial sites: the Kilpilahti industrial area near Porvoo, where it owns the AKO network, and Tornio, where it serves a stainless steel manufacturing facility with its ATO network.
Investment Highlights
Aurora is expected to generate consistent and stable profits, benefiting from regulations and the natural monopolistic nature of its business model. The company will continue to deliver reliable network services and aims to expand its business at its current sites and into other regions. This acquisition builds on our partnership with Equitix Limited ("Equitix"), which has been cultivated through several transactions, including Hornsea One offshore wind.
Future Actions
Utilizing the knowledge in power distribution gained from our previous investment in Electricity North West Limited and our partnership with Equitix, we will support Aurora's sustainable development and further business expansions.
Posted on May 15, 2023