Equitix has announced that its portfolio company Aurora Infrastructure has signed an agreement to acquire the high and medium voltage electricity distribution network assets of Terrafame and enter into a long-term sale-leaseback contract.
Terrafame owns the integrated Kuusilampi mine and metals production facility in Sotkamo, Finland, and is majority owned by the Finnish Minerals Group, a subsidiary of the Finnish government. Founded in 2015, Terrafame operates an integrated production process from its own mine to a battery chemicals plant on a single industrial site. The core of its operations is the production of battery chemicals for the global electric vehicle battery industry. It has a large portfolio of global operating customers who value responsibly produced battery chemicals. The company achieved the second highest gold rating in the EcoVadis assessment, demonstrating its commitment to sustainability.
The acquisition of Terrafame’s network assets marks an im
