Wallenius Lines has entered into an agreement to acquire SOL Group’s shares in Wallenius SOL, thereby becoming the sole owner of the company. The new ownership structure creates long-term stability, clarity and continuity for the continued development of Wallenius SOL as an enabler of sustainable, sea-based infrastructure in Northern Europe.
Wallenius SOL plays a central role in building and maintaining logistical and industrial infrastructure in the Gulf of Bothnia, the Baltic Sea and the North Sea. Through efficient and reliable maritime transport solutions, the company creates the conditions for long-term partnerships between customers, suppliers and industries in northern Sweden and Finland, on the European continent and in the British Isles. The operations have evolved with a clear industrial focus and a pioneering approach in demanding and strategically important environments.
“Becoming the sole owner gives us the opportunity to take a holistic approach to the continued development of Wallenius SOL. The company is an important enabler for industry, infrastructure and societal preparedness, and the new ownership structure provides stability, clarity and long-term perspective for the organisation, customers and partners alike,” says Erik Nøklebye, CEO of Wallenius Lines.
“We are proud of the development Wallenius SOL has achieved during our joint ownership. Together with Wallenius Lines, we have helped build a strong industrial player in the Gulf of Bothnia, and we leave with full confidence in the company’s continued journey and long-term development,” says Tommy Kalin, CEO of SOL Group.
“For Wallenius SOL, this means a clear ownership structure and long-term conditions to continue developing the business in line with our plan. We will maintain our focus on customers, partnerships along the value chain, and our role as an industrial pioneer within sustainable maritime infrastructure in Northern Europe,” says Elvir Dzanic, CEO of Wallenius SOL.
The transaction does not entail any changes to Wallenius SOL’s operational activities, strategic direction or offering. The company will continue to be run by the same management and organisation and will proceed according to the long-term plan Blueprint 2030.
Completion of the transaction is subject to approval by the Swedish Competition Authority and the Inspectorate of Strategic Products (ISP).
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