Sydkraft

Sydkraft was a historic Swedish energy company founded in 1906, headquartered in Malmö. It was involved in electricity, gas, and heat supply. Acquired by German E.ON in 2001, later renamed E.ON Sverige.

Sydkraft's corporate history reaches back to 1906, when Sydsvenska Kraftaktiebolaget was founded in southern Sweden with August Schmitz as chief executive. The company began as a hydroelectric producer and developed alongside the expansion of Sweden's regional electricity system. Its participation in the 1915 construction of the Öresund cable connected Swedish and Danish electricity networks and marked an early international infrastructure role. The business later diversified into nuclear generation. Oskarshamn Nuclear Power Plant was commissioned in 1971, with Sydsvenska Kraftaktiebolaget holding a major share. Six years later, the company changed its name to Sydkraft, establishing the identity that would remain associated with its Swedish power operations for decades. In 2001, E.ON acquired a majority stake in Sydkraft AB. The transaction brought the Swedish company into the E.ON international energy group and was reported as being worth about US$6.5 billion. Sydkraft expanded further in Sweden by acquiring Graninge in 2004. On 16 September 2005, the company formally changed its corporate name to E.ON Sverige. The following year, it sold its broadband network to Tele2. Ownership and asset composition changed again in 2008, when E.ON and Statkraft completed an asset-swap agreement. E.ON received Statkraft's 44.6 percent stake in E.ON Sverige in exchange for assets valued at approximately €4.5 billion. This gave E.ON full control of the Swedish company, subject to the wider corporate arrangements of the E.ON group. The separation of Uniper from E.ON subsequently divided the Swedish business. Thermal, nuclear, and hydroelectric generation moved to Uniper, while E.ON retained non-hydro renewable generation, energy services, distribution, and retail sales. Uniper later restored the Sydkraft name for its Swedish operations. The historical E.ON Sverige name therefore describes a major phase in the company's development, whereas Sydkraft is also used for the Swedish operation associated with Uniper after the separation.

• 2008

  E.ON–Statkraft asset exchange

  [1]Sydkraften.wikipedia.org

  E.ON and Statkraft completed an agreement through which E.ON acquired Statkraft's 44.6 percent stake in E.ON Sverige in exchange for assets valued at approximately €4.5 billion.

• 2006

  Broadband network sold to Tele2

  [1]Sydkraften.wikipedia.org

  E.ON Sverige divested its broadband network to Tele2.

• 2005

  Renamed E.ON Sverige

  [1]Sydkraften.wikipedia.org

  Sydkraft AB changed its corporate name to E.ON Sverige on 16 September.

• 2004

  Graninge acquisition

  [1]Sydkraften.wikipedia.org

  Sydkraft acquired the Swedish energy company Graninge.

• 2001

  E.ON acquired a majority interest

  [1]Sydkraften.wikipedia.org

  E.ON acquired majority ownership of Sydkraft AB in a transaction reported at approximately US$6.5 billion.

• 1977

  Name changed to Sydkraft

  [1]Sydkraften.wikipedia.org

  The company adopted the shorter Sydkraft name.

• 1971

  Oskarshamn nuclear plant commissioned

  [1]Sydkraften.wikipedia.org

  Oskarshamn Nuclear Power Plant entered service with Sydsvenska Kraftaktiebolaget as a major shareholder.

• 1915

  Öresund electricity interconnection

  [1]Sydkraften.wikipedia.org

  The company participated with Swedish and Danish electricity interests in building the first electricity interconnection between Sweden and Denmark.

• 1906

  Foundation as Sydsvenska Kraftaktiebolaget

  [1]Sydkraften.wikipedia.org

  The company was established in southern Sweden as a hydroelectric power producer, with August Schmitz as chief executive.

• Swedish assets divided during the Uniper separation

  [1]Sydkraften.wikipedia.org

  Thermal, nuclear, and hydro generation moved to Uniper, while E.ON retained non-hydro renewables, services, distribution, and retail activities.

A Swedish energy company with a long regional-generation heritage, historically associated with E.ON Sverige and later with Uniper's Swedish operations.

• Power generation · 1906

  Hydroelectric power

  Hydroelectric generation was the company's original business and remained an important part of its historical Swedish generation portfolio. Following the E.ON–Uniper separation, hydroelectric assets were allocated to Uniper's Swedish operations.

• Power generation · 1971

  Nuclear power

  Sydkraft entered nuclear generation during the 1970s and was a major shareholder when the Oskarshamn Nuclear Power Plant was commissioned in 1971. Swedish nuclear generation later transferred to Uniper during the separation from E.ON.

• Power generation

  Thermal power

  Thermal generation formed part of the company's broader generation portfolio. These assets were among the Swedish operations transferred from E.ON to Uniper during the corporate separation.

• Energy supply

  Electricity distribution and retail

  Distribution and retail electricity activities were part of the E.ON Sverige business and were retained by E.ON rather than transferred with the thermal, nuclear, and hydro generation assets.

• Energy services

  Energy services and renewable energy

  The E.ON-side Swedish portfolio retained renewable generation other than hydroelectric power, together with energy services. These activities represent the part of the former Swedish business that remained outside the Uniper generation operation.

• 2008

  E.ON–Statkraft asset exchangeM&A

  Background

  Statkraft held a 44.6 percent shareholding in E.ON Sverige, while E.ON and Statkraft sought to reorganize their energy assets.

  Action taken

  E.ON acquired Statkraft's stake through an asset exchange valued at approximately €4.5 billion.

  Aftermath

  E.ON strengthened its control over the Swedish company and its related operations.

  Asset-exchange value. (2008)

  Source

• 2006

  Broadband network divestmentStrategy

  Background

  E.ON Sverige held a broadband network in addition to its energy activities.

  Action taken

  The company sold the broadband network to Tele2.

  Aftermath

  The divestment reduced the company's activities outside the energy sector.

  Source

• 2005

  Adoption of the E.ON Sverige corporate identityStrategy

  Background

  After E.ON acquired majority ownership of Sydkraft, the group aligned the Swedish company with its international brand.

  Action taken

  Sydkraft AB changed its corporate name to E.ON Sverige on 16 September 2005.

  Aftermath

  The Sydkraft name later returned for the Swedish operations associated with Uniper after the separation of Uniper from E.ON.

  Source

• Allocation of Swedish activities during the Uniper separationStrategy

  Background

  The separation of Uniper from E.ON required the Swedish business to be divided by activity.

  Action taken

  Thermal, nuclear, and hydroelectric generation were transferred to Uniper, while non-hydro renewables, services, distribution, and retail remained with E.ON.

  Aftermath

  Uniper reused the Sydkraft name for its Swedish operations, while E.ON continued its retained Swedish energy businesses under the E.ON identity.

  Source

1. 1Sydkraften.wikipedia.org
2. 2E.ON Swedeneon.se