Acquisition of the Norwegian Glasopor AS, 2021
Foamit Group, a glass recycling and foam glass production company that belongs to the Partnera Group, acquired the Norwegian Glasopor AS in September 2021. The acquisition was in accordance with Foamit Group’s growth strategy, and it strengthens Foamit Group’s position as the most significant producer of foam glass in the Nordic countries and one of the sector’s largest operators worldwide. With the acquisition, Foamit Group now also operates in Norway, in addition to Finland, Sweden and Denmark.
Glasopor, which was founded in 2002, has two foam glass plants in Norway, one in Skjåk and the other in Fredrikstad. The company’s head office is located in Oslo, and the company has 34 employees. Glasopor’s customers are primarily various operators in the construction sector. In 2020, the company’s net sales were NOK 123 million, approximately EUR 11.5 million.
Company announcements (in Finnish)
Additional information
Acquisition of KPA Unicon Group Oy, 2021
Due2Energy, formerly a Partnera Group company, and its subsidiaries, KPA Unicon Group Oy and KPA Unicon Oy, were declared bankrupt on 25 May 2023. On 9 June 2023, VKK Power Oy acquired KPA Unicon's business. This included, among other things, products, technologies, intellectual property rights, software, employees and the Kiuruvesi machine shop with its equipment.
Partnera expanded its business group by acquiring KPA Union Group Oy, a supplier of clean energy production solutions, in May 2021. The acquisition supported Partnera’s strategic objective of owning companies that promote sustainable development in, among other things, the circular economy and energy sectors. Founded in 1990, KPA Unicon had a great deal of experience with international plant deliveries. The company developed and implemented energy production plants on the turnkey principle; modernized, maintained and operated existing plants; and offered energy production capacity as a service. KPA Unicon’s customers included globally operating industry companies, as well as international and local energy companies. The company’s head office and production facilities were located in Finland, and it had personnel also in Bosnia and Herzegovina, Chile, Spain, Croatia, France, Sweden and Russia. The company had 202 employees at the end of 2020.
Company announcements
Company announcements in Finnish can be found Yrityskaupat - Partnera Oyj.