Elenger won the deal of the year award
Elenger’s agreement with German energy group EWE AG to acquire the group’s Polish business, signed at the end of last year, was awarded the Baltic Outbound Deal of the Year 2025 award by the Baltic M&A & Private Equity annual deal award jury.
Elenger Baltic Outbound Deal of the Year 2025. Photo by Eneli Riim
The recognition of the most significant Baltic M&A & Private Equity deals of the year is part of the annual M&A event, the Baltic M&A and Private Equity Forum. The selection is made by a jury of independent experts and the awards are presented in four categories: Baltic M&A, Private Equity, Venture Capital and Outbound deals. When evaluating the deals, their size, complexity and innovativeness, ESG impact and strategic importance in the Baltic market are taken into account.
The volume of the EWE Polska purchase transaction reached 120 million euros, which is known to be the largest Estonian investment in Poland. The acquired company, renamed Elenger Polska, is the second largest privately owned network operator in Poland, operating a 2,316 km long natural gas distribution network and serving more than 25,000 customers. In addition to infrastructure management, the company is engaged in the sale of natural gas and electricity, with energy sales exceeding 1.3 TWh last year.
Elenger is the largest privately owned energy company in the Baltic-Finnish region, operating in six markets – Finland, Estonia, Latvia, Lithuania, Poland and Germany – and serving a total of more than 450,000 customers. Elenger’s activities cover the entire spectrum – energy sales and trade, energy infrastructure and energy production.
Elenger offers customers natural gas of Western origin and renewable biomethane and manages gas distribution networks in Estonia, Latvia and Poland, with a total length of 9,000 km. The company also sells electricity, including green electricity produced in its own solar parks. Elenger is actively involved in international energy trade. The group employs more than 1,000 people. The company’s turnover last year was over a billion euros. Elenger is solely owned by Infortar, an investment company listed on the Baltic Main List of the Nasdaq Tallinn Stock Exchange.
