Sector: Energy & Environmental
Country: Sweden
Entry: Feb 2010
Exit: Mar 2015

Swedegas was acquired by EQT Infrastructure in 2010 and is the owner of Sweden’s entire gas transmission network consisting of 601 km of pipelines, extending from Dragör in Denmark to Stenungsund in Sweden.

The Company transports approximately 1.2 billion Nm3 of gas annually to distributors and industrial end-users in the southwest region of Sweden. In March 2015, EQT agreed to sell Swedegas to a consortium of two leading European gas transmission companies.

During EQT’s ownership, Swedegas has grown substantially and further improved its position on the Swedish energy market. The Company has, amongst others, secured consolidation of the Swedish gas transmission market, connected new customers to the network and become the Transmission System Operator (“TSO”) with responsibility for balancing of the gas transmission system.

In addition, Swedegas has strengthened its organization in order to improve operational excellence and enable further growth. These efforts have resulted in substantial growth in the number of employees (c. +60%) during EQT’s ownership.

Key events during EQT ownership

Swedegas was the subject of an EQT Update in May 2015, concluding the investment and summarizing the 5 years of EQT ownership with insights from the CEO of Swedegas and the responsible EQT investment advisor. Find it here.