Fortum completes acquisition of Elmera Group ASA

Fortum Oyj announced on October 2, 2026, the successful conclusion of its recommended voluntary cash tender offer for Elmera Group ASA. The offer, made by Fortum's wholly-owned subsidiary Fortum Consumer Solutions AS, aimed to acquire all outstanding shares in Elmera not already held by Fortum or its subsidiaries.

The tender offer has now been finalized, with Fortum confirming that all conditions for the acquisition have been met. The company stated that the offer period has concluded and the settlement of the transaction is underway. Specific details regarding the total number of shares acquired and the final purchase price are expected to be disclosed imminently.

This acquisition is expected to strengthen Fortum's position in the Nordic energy retail market. Elmera Group ASA has operated as an electricity retailer in Norway, and its integration is anticipated to align with Fortum's strategic goals for expansion within the consumer segment.

Further information on the offer's final results and financial terms will be released following the completion of settlement procedures. Fortum has not yet provided details on the integration process of Elmera into its existing operations.