Pensam sold ownership stake in energy firm just before breakthrough

Management and staff at Denmark's Aalborg Energie Technik would seem to have made a succesful deal in 2015 when the company bought back their own ownership stakes from pension fund Pensam and investment company Ivons. The engineering company found commercial success shortly after the sale, according to

Hans Erik Askou and partners founded Aalborg Energie Technik (AET) in 1996. The company emerged from Aalborg Industries and is based on strong know-how on Northern Danish power plants.

In 2015, Danish pension fund Pensam and investment company Ivons both sold their ownership stakes in Danish engineering company Aalborg Energie Technik. The stakes were mainly bought by employees and members of the management – and shortly after, the company had its big commercial breakthrough, according to

The year before Pensam sold its ownership stakes, Aalborg Energie Technik reported profits of DKK 7.5 million (about EUR 1 million). In 2016, the company delivered a profit of DKK 58 million.

"Aalborg Energie Technik (AET) has increased its profits nearly tenfold, to DKK 60 million, in three years, and has, according to's sources, hired investment bank Carnegie to investigate the possibilities of selling the company," writes.

With that, the owners are in line for big profit if a sale is successful. This piece of information has not yet been confirmed by Carnegie or Aalborg Energie Technik.

English edit: Marie Honoré

Frontpage right now

Swedish pension fund proposes raising pensions awareness in parliament

Sweden's AP3 has come up with an idea that it says would let more Swedes know about their pension system. The government’s annual evaluation of the state pension buffer funds could be elevated into a public hearing about the whole system in the country’s parliament, the Riksdag, it says.

Lawyers call for Danish real estate bond comeback

The much-criticized financing concept that has been been left unexploited in Denmark since the financial crisis, has benefits that investors in Norway and Sweden can easily spot, says law firm Bech Bruun.

ATP venture fund VIA ranks second in Europe for equity returns

Sky-high returns on its investment in Nets have pushed the Danish-based equity fund VIA Equity to second place in a new Preqin ranking. Both in Europe and globally, the ATP and PFA-backed fund has a strong position in terms of returns thanks to a conservative investment strategy, the CEO says.

Latest Pension

Related articles

amwatch trialbanner.jpg

Latest news


See all

See all

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch