- Aidon will continue to operate as a stand-alone company
- CVC acquired 50 percent of Gridspertise in 2022
- CVC is a private equity and investment advisory firm
Gridspertise, jointly owned and controlled by CVC Capital Partners and Enel Grids, has acquired 100 percent of Aidon, a Nordic smart grid service provider, from its current shareholders Alder Fund I, 2VK Invest, Suomen Teollisuussijoitus and minority shareholders.
Aidon is based in Finland. It will continue to operate as a stand-alone company under Gridspertise ownership.
“We are excited to welcome Aidon to the Gridspertise family and be part of the journey in furthering the Nordics energy transition, combining Aidon’s successful customer-centric approach and innovative solutions with our global reach and cutting-edge technologies in grid automation,” said Robert Denda, CEO of Gridspertise. “By complementing our expertise, we will accelerate innovation and deliver a comprehensive portfolio of solutions to our customers in the region and around the world.”
This transaction will enable Aidon to strengthen its international presence through the new ownership, according to Tommi Blomberg, CEO of Aidon.
Gridspertise is a grid intelligent devices and end-to-end cloud-edge platform service provider based in Italy.
CVC is a private equity and investment advisory firm headquartered in Luxembourg.
No financial details of the transaction were disclosed.