# Savon Voima acquires Fortum's Joensuu district heating business

Savon Voima acquired Fortum's district heating business in Joensuu, Finland, including a CHP power plant and district heating network, for approximately EUR 530 million.

- Type: Acquisition
- Announced: 2019-12-20
- Where: Joensuu, Finland
- Value: $590.0M (530.0M EUR)
- Status: completed
- Capacity: 1.2 TWh district heat production
- Products: district heating, electricity and heat from CHP
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Savon Voima](https://endata.com/companies/6915.md) (acquirer)
- [Fortum](https://endata.com/companies/11212.md) (partner)

## Sources

- [savonvoima.fi](https://savonvoima.fi/savon-voima-ostaa-fortumilta-joensuun-kaukolampotoiminnan/), 2019-12-20: "Savon Voima laajentaa kaukolämpö- ja sähkötuotantoliiketoimintaa Joensuuhun Fortumin kanssa tehdyllä kaupalla"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.