Lumme Energia has acquired Vatajankosken Sähkön's electricity retail business, enhancing its national service network and increasing its customer base by approximately 10%.

Target Company Overview

Lumme Energia is a prominent electricity retail company in Finland, known for its exceptional customer service, which boasts a base of over 100,000 satisfied customers. As part of the Suur-Savon Sähkö Group, which employs nearly 600 individuals, Lumme Energia generated a revenue of €154 million in 2019. With a strategy focused on enhancing its nationwide service network, Lumme Energia continues to expand its operations. The recent acquisition of Vatajankosken Sähkön's electricity retail business is a significant move to achieve this goal, increasing Lumme Energia's customer base by approximately 10% and establishing a new physical service point at the Kankaanpää facility.

The company already operates several offices in Tampere, Mikkeli, Savonlinna, and Jyväskylä, further enhancing its geographic reach and service accessibility for customers across Finland.

Industry Overview in Finland

Finland's electricity market is characterized by intense competition, spurred by a robust regulatory framework that encourages market participation and innovation. The sector has been undergoing transformation for years, with small a