Eversheds advised Vaaka Partners Ltd on its divestment of Renewa Oy to KPA Unicon Group Oy. In the transaction, two Finnish energy solution suppliers joined forces through a merger in which KPA Unicon Group Oy purchased all of the shares of Renewa Oy.

The transaction gave the Finnish and European Cleantech sector a stronger, renewed player whose solutions will enable increasingly more responsible, more sustainable and more profitable energy production in the energy, forest and raw material industries. KPA Unicon produces comprehensive service and technology solutions for heat and power plant projects throughout the lifecycle of the plants. The solutions utilize biofuels and fossil fuels with high energy efficiency. Renewa offers local energy production solutions for biofuel and waste-fired heat and power plants.

Through the merger, KPA Unicon became one of the prominent suppliers for mid-sized heat and power plants in the Nordic countries and Europe.