# J.P. Morgan Asset Management acquires Adven Group

Institutional investors advised by J.P. Morgan Asset Management closed the acquisition of a 100% stake in Adven Group, a Finland-based energy-as-a-service provider. The investors also own Swedish district heat provider Värmevärden AB.

- Type: Acquisition
- Announced: 2020-10-27
- Where: Finland
- Status: completed
- Products: industrial steam, heat, cooling, district heating
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Värmevärden](https://endata.com/companies/50717.md) (partner)
- [Adven](https://endata.com/companies/50718.md) (target)
- [J.P. Morgan Asset Management](https://endata.com/companies/50801.md) (acquirer)

## Sources

- [bioenergyinternational.com](https://bioenergyinternational.com/investors-close-on-adven-acquisition/), 2020-10-27: "Finland-headed 'energy as a service' provider Adven Group has recently announced the closing of its acquisition by institutional investors advised by J.P. Morgan Asset Management."

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