Enova Energy sold to SEAS-NVE (Andel) with the assistance of Loeven Law Firm

Transaction summary 

Loeven Law Firm have assisted the owners of Enova Energy in the sale of the company to SEAS-NVE Strømmen.

Enova Energy is a market leading provider of sustainable energy solutions. The company’s mission is to expand the use of green energy solutions such as heat / water pumps, utilization of the earth’s natural warmth and other sustainable energy solutions. Their unique business model includes training courses, advice and direct sale installations and follow-up services. Enova Energy’s goal is to actively contribute to the green transformation.

SEAS-NVE Strømmen is a group company of Andel which is the largest energy company in Denmark with 1.2 million electric and gas customers. The group provides and supplies future-proof energy solutions and vital infrastructure.

The energy markets are in a turbulent period, and massive increase in energy prices are a result of the war in Ukraine. Climate change are also getting more near and present. The result is a massive demand for heat pumps, and we want to assist with green solutions for the customers to reduce the use of fossil fuels. We have found the perfect partner for this mission. Enova Energy is an excellent example of a company whose focus is on the customers’ demand, quality and green transformation”, says CEO of SEAS-NVE Strømmen, Ole Christian Vestergaard.

Founder and CEO of Enova Energy, Martin Falch Rasmussen, continues: “It is our ambition to grow and become a substantial player on the market for heat pumps. We have found a strong partner in Andel, that can provide new capabilities and the financial muscles to achieve this goal. I am convinced that we will be successful together with Andel and SEAS-NVE Strømmen.

Loeven Law Firm’s M&A team consisted of partner Søren Brinkmann, partner Michael Lund Nørgaard, attorney-at-law Mazlum Güngör and assistant attorney Mads Ebert Rasmussen.

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