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57 min ago 2 min read
Kanadevia Inova has bought a controlling interest in Dutch biomethane specialist BioValue.
The acquisition gives the Zurich-based waste-to-energy firm a stronger Northern European foothold from which to upgrade and expand its fleet of biogas and biomethane plants.
It supports its vision of becoming a global utility and driver of decarbonising waste management infrastructure that improves circularity and energy resilience. Details of the majority stake were undisclosed. The acquired business will operate under the name Kanadevia Inova BioValue.
The remaining stake will be held by a company owned by BioValue founder Ids Schaap who will continue to lead the business as CEO.
The deal foresees a highly experienced team of 23 biomethane specialists joining Kanadevia Inova, from asset managers through O&M professionals and engineering/construction experts.
Several long-term service contracts and future engineering and construction contracts are included in the transaction. In parallel, Kanadevia Inova will acquire the remaining 15% stake in the Cothen biomethane plant.
Bruno-Frederic Baudouin, Kanadevia Inova CEO, said, “We are improving our offering to the market, strengthening our support for customers, and accelerating our contributions to decarbonisation, circularity and energy security on a more global level.”
BioValue has earned a strong reputation through the development, operation and management of biomethane assets in the Netherlands, including the Cothen biomethane plant, a 90,000-tonne-per-year co-digestion facility producing 100GWh of renewable energy that was commissioned in less than 16 months.
BioValue combines in-house process engineering and operational expertise with a network of long-standing specialist partners.
