German electric utility E.ON has acquired 100% stake in Swedish company Coromatic that provides critical infrastructure services.
With more than 5,000 customers in the Nordic region, Coromatic delivers emergency power and uninterrupted power supply to ensure data communication and power supply to critical installations.
E.ON board member Karsten Wildberger said: “The acquisition is an important step towards becoming a leading energy solutions company. A future with smart buildings, artificial intelligence, and the internet of things means that the need for electricity and uninterrupted power supply will only increase.
“Coromatic as a leader in their field has an exciting growth plan, and I see promising opportunities for us to jointly create new and innovative solutions for customers across various industries.”
A 60% of Coromatic’s customers are among the Nordic region’s 100 largest companies, operating in several industries including data centers, healthcare, public sector, transport, industry, telecom, finance and retail. Headquartered in Stockholm, the company has a workforce of 500.
As per E.ON, critical infrastructures is an attractive market and in the wake of digitisation, growth of data centres will increase the demand on reliability and security of supply.
It is claimed that a single second of interrupted power can cause two days of restarting the systems in a data centre and due to this the demand for uninterrupted power supply has increased.
By acquiring Coromatic, E.ON will get access to cutting-edge expertise for the Nordic region’s growing digitisation.
E.ON Sweden CEO Marc Hoffmann said: “It feels great that the acquisition now is finalized! Coromatic has an exciting growth plan, and I see promising opportunities for us to jointly create new and innovative solutions for customers within various industries, real estate and data centers.”
