Wartsila buying Sweden’s Puregas

For illustration purposes only (Image courtesy of Wärtsilä)

Finnish engine maker Wärtsilä has agreed to acquire Puregas Solutions, the Sweden-based provider of biogas upgrading solutions.

The transaction is valued at 29 million euros with an additional maximum sum of 7.3 million euros to be paid based on the performance of the business in the coming year.

The acquisition will provide Wärtsilä with added equipment and expertise in biogas upgrading, and will complement well the company’s existing position in the biogas liquefaction market, the company said in a statement.

In the larger context, Puregas Solutions’ offering is in close alignment with Wärtsilä’s own gas-based technologies, and the merging of the two companies will expand Wärtsilä’s overall reach in the gas value chain, the statement reads.