Carlsquare successfully advised TSG on its acquisition of Nordic Gas Solutions
TSG, the European leader in technical services for responsible mobility solutions, is pleased to announce the acquisition of Nordic Gas Solutions, a Gas specialist headquartered in Stockholm (Sweden).
Nordic Gas Solutions is specialized in the design, assembly, installation and maintenance of high standard facilities for natural gas and biogas for a safe and environmentally sound management. The company contributes to increase the use of natural gas power in the transportation sector, mainly serving municipalities, bus and private fleet operators. Nordic Gas Solutions supplies turn-key facilities focusing on gas refuelling stations, gas storage and back-up facilities, delivering customized modern technology for natural gas and biogas (CNG/CBG/LNG/LBG). From its locations in Stockholm, Örebro and Tartu, Nordic Gas Solutions operates in Sweden, Estonia, Finland and Latvia.
Nordic Gas Solutions acquisition is fully aligned with TSG’s strategy to be the referent services provider to support all B2B customers it their energy transition for mobility, with Gas and biogas playing an increasing role in the development of low-carbon solutions for heavy transportation. It allows TSG to integrate additional teams of experts with solid know-hows in gas facilities, including hydrogen ones, reinforcing its geographical coverage throughout North Europe.
“The acquisition of Nordic Gas is the 18th acquisition made by TSG in 20 months throughout Europe. The integration of new gas experts already active on biogas development contributes to TSG willingness to reinforce in new energies for mobility while preparing for the upcoming hydrogen development. With a large investment in new energy competencies, TSG accelerates its transformation and diversification. It reinforces its now established position as the European key enabler of the energy for mobility transition thanks to its unique network of locally based technicians and experts located in thirty countries.”
Jean-Marc Bianchi, Chairman and CEO, TSG
“We are very happy with the support from the Carlsquare team as M&A advisor on this first aquisition for TSG in Sweden where we intend to further accelerate our ongoing business development.”
Aurélien Guenot, Group M&A Director
Carlsquare acted as the exclusive financial advisor to TSG.
Nordic Gas Solutions