Aneo, through Aneo BidCo, has today announced a recommended cash offer to the shareholders of Arise

Acquisition

News

Nov 26, 2025

Today, Aneo Holding AS (“Aneo”), through Aneo BidCo 1 AB (“Aneo BidCo”), has announced a recommended public offer to the shareholders of Arise AB (publ) (“Arise”) to tender all outstanding shares in Arise to Aneo BidCo at a price of SEK 45 in cash per share (the “Offer”). The Offer values Arise to approximately SEK 1.8 billion based on the number of outstanding shares in Arise. Arise is listed on Nasdaq Stockholm, Mid Cap.

“Aneo and Arise are both driving forces in the Nordic energy transition. By combining these forces, we create a leading Nordic player in renewable energy. For Arise, this means access to long-term industrial capital and expertise that can unlock the full potential of their platform. For Aneo, it means completing our value chain with strong commercial project development, third-party asset management and a strong presence in new markets. Together, we gain scale, geographic breadth and the expertise to compete with the largest players in the Nordic energy market.”, says Gunnar Hovland, CEO of Aneo.

Aneo BidCo’s completion of the Offer is conditional upon, inter alia, the Offer being accepted by shareholders representing more than 90 percent of the total number of outstanding shares in Arise, and certain regulatory approvals being obtained.

Please note that the above does not constitute an offer to sell shares in Arise. For further information about the Offer from Aneo BidCo, please refer to the dedicated information page.