Oomi and Lumme Energia are merging to create Finland's largest electricity retailer and energy services provider, supported by Spring Advisor as their financial advisor.

Target Information

Oomi, in conjunction with Lumme Energia, is set to create Finland's largest electricity retail seller and energy services provider. Spring Advisor acted as the exclusive financial advisor to Oomi and its owner, Oomi Palvelut Oy, guiding them through this significant merger. The comprehensive advisory included strategic preparation, negotiations, and the execution of the deal, leveraging Spring's deep industry understanding and strong transactional expertise to achieve the operational objectives of this merger.

With the combined strengths of Oomi and Lumme Energia, the new entity aims to enhance customer competitiveness by providing high-quality products and delivering exceptional customer experiences to an even wider audience across Finland. CEO Tuomas Oksanen of Oomi emphasized the invaluable role of Spring's expertise and comprehensive assistance throughout the process, acknowledging their exceptional knowledge of the energy sector and seamless collaboration which were instrumental in successfully executing the merger.

Industry Overview in Finland

The electricity retail sector in Finland has witnessed a surge of activity in recent years, demonstrated by the increasing number of mergers and acquisitions. This trend reflects the market's foundation