Averra Group AB acquires Nordic Bio Power AB, strengthening its positioning in renewable and carbon-negative energy

The acquisition, completed in May 2025 as part of Averra’s broader renewable-energy strategy, including the integration of SISU Energy AB, creates a strong platform for Averra’s continued expansion in sustainable energy and bio-based materials across Northern Europe.

The transaction includes:

• The Davidstad facility in Finland, producing high-quality wood pellets and wood chips.
• The assets of the former Puustako Oy biochar plant in Nurmes, which are now being commissioned as part of NBP’s operations.

Averra has also committed to funding Nordic Bio Power’s future growth, providing the financial capacity to expand production, develop new facilities, and advance the group’s biochar and renewable energy initiatives.

“This acquisition secures both the financial foundation and strategic direction needed to accelerate Nordic Bio Power’s expansion,” said Helén Olausson, CEO of Nordic BioPower. “Together with Averra, we are building a scalable model for decarbonising energy and industrial production across Northern Europe.”

Under Averra’s ownership, Nordic Bio Power AB continues as a core subsidiary focused on biochar, pellets, and wood-chip production, marketed under the SISU Energy and SISU Pelletti brands throughout Europe.