Axel Johnson strengthens their position within solar energy: AxSol invests in Solkompaniet

Axel Johnson is making their fourth investment in solar energy in a short period of time through AxSol’s investment in the leading Swedish B2B player Solkompaniet.

In 2019, Axel Johnson made their first two investments within solar energy, in Swedish Eneo and Norwegian Otovo. Recently, an investment in SVEA Solar was announced, and now AxSol is making another investment, in the Swedish leading B2B player Solkompaniet.

Solkompaniet was founded in 2010 and has a unique position as a projector and installer of large solar plants for companies, public sector and real estate companies. Solkompaniet also develops and builds solar farms and the group includes both a consulting company and a wholesale company, IBC Solar. In 2019, sales exceeded SEK 200 million, which corresponds to an annual growth of about 65 percent.

AxSol’s ownership in Solkompaniet will, after the investment, constitute a significant minority stake, making Axel Johnson to its largest individual owner.

Stina Andersson, COO of Axel Johnson and responsible for the investments in solar energy:
“This investment confirms Axel Johnson’s vision of becoming a significant player in solar energy. We are convinced that the area is facing structural growth, and our long-term perspective makes us a good investor for the solar energy sector. There is a very clear structural logic: declining costs for solar energy and a need to meet the growing energy demand with fossil-free energy sources will create growth over time. On Axel Johnson’s part, we want to invest in the leading Nordic solar companies and Solkompaniet is very well positioned in its segment. The company is showing an impressive growth rate and we see great opportunities for Solkompaniet to continue to grow rapidly.”

Johan Öhnell, Chairman of the Board of Solkompaniet:
“The solar boom has reached Sweden and yet we are only at the beginning of it. Major property owners see that the solar cost calculation for building larger solar plants in schools, hospitals, offices, shopping centers and apartment buildings is excellent. since Since its inception Solkompaniet’s vision has been to build the sustainable society with solar energy. Axel Johnson’s long-term perspective and credibility as owner make them an ideal owner partner for Solkompaniet. ”

For further information, please contact:
Stina Andersson, COO, Axel Johnson

Johan Öhnell, Chairman, Solkompaniet