Aurora Infrastructure to acquire Terrafame’s high and medium voltage electrical grid assets

Aurora Infrastructure is entering a strategic partnership with Terrafame by acquiring high and medium voltage electrical grid assets of the company’s Sotkamo industrial site in a buy and lease-back deal.

“Aurora Infrastructure is an ideal partner for us going forward. The strategic partnership frees up significant assets for Terrafame’s strategy execution.” comments Antti Koulumies, CEO of Terrafame.

“The strategic partnership with Terrafame is an important milestone for Aurora Infrastructure in Finland. It shows that our way of working can support our customers’ strategy execution and ensure investments in growth and competitiveness.” says Robin Lindahl, CEO of Aurora Infrastructure.

The strategic partnership with Terrafame supports Aurora Infrastructure’s objective to double its assets under management. The company’s innovative business model accelerates green transition by ensuring efficient financing, operation, modernization and expansion of existing industrial sites, as well as designing, financing, building, owning and operating infrastructure for new industrial sites.

About Aurora Infrastructure

Aurora Infrastructure was founded in 2013. It is a leading company in designing, financing, building, owning and operating industrial scale electrical infrastructure in the Nordic countries. With major customers like Neste, Outokumpu and Nokia, its current operations cover approximately 13% of Finland’s industrial electricity consumption. The company is majority owned by Equitix, a leading international investor, developer and fund manager in sustainable infrastructure. Equitix was established in 2007 and has more than 15-billion-euro assets under management.

About Terrafame

Terrafame Ltd was founded in 2015. Its net sales in 2025 were EUR 556.1 million. Around 1,800 people work on its industrial site, approximately half of whom are employees of partner companies. Terrafame enhances low-carbon mobility by delivering responsibly produced battery chemicals to the global battery industry. One of the world’s largest production lines for chemicals used in electric vehicle batteries is located on Terrafame’s industrial site. The plant has capacity to produce nickel sulphate for around 1 million EVs per year. The carbon footprint of the nickel sulphate produced by Terrafame is among the smallest in the industry. Terrafame’s integrated, unique and energy-efficient production process from the mine to battery chemicals is located on a single industrial site. It provides customers with a transparent, traceable and truly European battery chemical supply chain.