The Finnish majority state-owned energy company Fortum on Monday completed the acquisition of the Polish electricity solutions provider Orange Energia Sp. z o.o, said Fortum in a press releas.
The acquisition was made on a cash and debt-free basis for a maximum of approximately EUR 28 million (PLN 120 million).
Upon closing, approximately EUR 21 million was paid in cash.
According to an agreed earn-out, the remaining amount will be settled by the beginning of 2029 based on achieved electricity sales volume targets.
As part of the agreement, Fortum will continue to sell electricity and related digital services through Orange Polska’s nationwide retail sales distribution network at least until the end of 2028.
Orange Energia will be reported in Fortum’s Consumer Solutions segment’s Comparable Operating Profit in the third quarter of 2025.
Orange Energia is one of the largest independent electricity retailers in Poland with a portfolio of approximately 130,000 customer contracts.
- Fortum
- Orange Energia
Source: www.dailyfinland.fi
