Vattenfall has agreed an electricity and partnership contract with Finnish energy company Nivos Energia.
The Swedish company said that agreement is its first partnership agreement in Finland within the energy sector.
“The partnership is an important step in the rapidly shifting energy market where cooperation and knowledge sharing are vital,” the company said.
Vattenfall has operated in Finland since 1996, while Nivos Energia has been operating since 1926 and has approximately 20,000 customers.
Vattenfall director and head of Nordic business sales Matts Wesslen said: “Finland is an important market and I am very happy that our brand and partnership concepts are so well received and looked upon.
“This new partnership with Nivos Energia makes both parties stronger and gives both of us increased opportunities to grow in a profitable and sustainable way. I am very optimistic about our way forward.”
Nivos Group chief executive Esa Muukka said: “The competition between energy companies has grown stronger and many mergers between electricity sales companies are conducted in the energy industry.
“We had a lot of available options but wanted something different. That is why we have chosen a partnership with Vattenfall.
“We believe that Vattenfall as a big European energy company with a good track record and knowledge will allow us to bring more value to our customers and make us serve our customers even better.”