News / 7.5.2014

Empower to buy entire share capital of Mitox Oy from Helsingin Energia

The acquisition will strengthen the position of Empower and especially Empower IM Oy, which produces information management services, as one of Finland’s leading metering service providers. The arrangement will also support and strengthen Empower’s customer relation with Helen and other Mitox customers and bring significant synergy benefits, e.g. in terms of data systems and data transmission solutions.

The combining resources and expertise of Empower and Mitox will enable provision of increasingly diverse services. We actively develop our services together with our customers, aiming to be a forerunner in the field.

‘Mitox is a highly valued and competent operator in Finland in electricity, district heat, water and district cooling metering solutions, and it is an excellent addition to the multinational Empower’s selection of services. Empower will continue to offer the services provided by Mitox and aim to strengthen Mitox’s customer relations. Together with Mitox’s expert and competent employees, we will be able to serve and develop our services even better,’ says Empower’s CEO Eero Auranne.

‘This decision is positive for both Helsingin Energia and Mitox. Helsingin Energia will focus even more clearly on its core business operations and their development. In terms of Mitox, the new owner will create excellent conditions for developing the metering business, opening new opportunities for the employees,’ Helsingin Energia’s CEO Pekka Manninen points out.