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30.05.2024 09:41:40 - dpa-AFX: EQS-News: Energy S.p.A acquires 90% of Enermore S.r.l. and expands its business into Germany, Austria and Switzerland (english)
Energy S.p.A acquires 90% of Enermore S.r.l. and expands its business into
Germany, Austria and Switzerland
EQS-News: Energy S.p.A. / Key word(s): Takeover/Acquisition
Energy S.p.A acquires 90% of Enermore S.r.l. and expands its business into
Germany, Austria and Switzerland
30.05.2024 / 09:41 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Energy S.p.A acquires 90% of Enermore S.r.l. and expands its business into
Germany, Austria and Switzerland
Enermore S.r.l. specializes in large-scale storage system installation and
maintenance consultancy, design and control and has a particular presence in
the D-A-CH area.
CEO Tinazzi: "The acquisition brings with it many advantages, including the
provision of greater engineering support to the design and construction of
medium to large plants, boosting the quantity and quality of services for
our clients."
Sant'Angelo di Piove di Sacco (Padua), May 30, 2024 - Energy S.p.A. (the
"Company" or "Energy"), an Italian leader in storage systems for energy from
renewable sources (BESS, Battery Energy Storage System), listed on the
Euronext Growth Milan market (ISIN Code IT0005500712, Ticker ENY), announces
that on May 29, 2024, it has signed a preliminary agreement to purchase 90%
of the share capital of Enermore S.r.l, a company based in Sterzing (BZ) and
held by a German holding company, Natural Resources Holding AG.
Enermore S.r.l. specializes in storage system installation and maintenance
consultancy, design and control.
The transaction is expected to close by the first half of June 2024.
Following the closing, the governance of the company - which will retain its
current name considering the recognition it has achieved on the market -
will be entrusted to a Board of Directors, of which Energy S.p.A. will hold
the majority.
In line with the company's growth strategy, the acquisition aims to
strengthen the Energy Group's know-how regarding the integration of storage
systems into power generation plants, with the goal of extending the
technical service offering to the renewable energy sector supply chain.
The acquisition will take place in cash, based on an assessed Enterprise
Value of Euro 2.2 million, net of the forecast Net Financial Position of
approximately Euro 1.2 million at the closing date of the transaction.
Enermore S.r.l. for 2023 reported sales of Euro 3.8 million and EBITDA of
Euro 0.5 million.
"The acquisition of Enermore S.r.l. brings with it many advantages:
primarily, the Energy S.p.A. Group can now offer more engineering support
for the design and construction phases of medium to large plants, increasing
the quantity and quality of services for our clients" stated Energy S.p.A.
CEO Davide Tinazzi "The geographic proximity to the D-A-CH area (1) will
facilitate communication and mutual understanding in the negotiation,
planning and execution of complex projects in the focus areas. An additional
benefit is that Enermore is the bridgehead for our consolidation in the
D-A-CH market, where it has been present for many years both with
significant projects and offering through its own distribution network
products that complement Energy's range of solutions. Finally, a further
advantage is the ability to provide control electronics and field (edge)
software, complementary to the type of widespread (cloud) software offered
by EnergyInCloud S.r.l., which was acquired in 2023."
***
This press release is available on Energy S.p.A.'s website (
www.energysynt.com) in the Investor Relations/Press Releases section and on
www.emarketstorage.com.
***
Energy S.p.A., founded in 2013 by Davide Tinazzi, Andrea Taffurelli and
Massimiliano Ghirlanda and listed since August 1, 2022 on the Euronext
Growth Milan market of the Italian Stock Exchange, is headquartered in the
province of Padua (Italy) and is an energy storage systems for both
residential and large-scale applications sector leader. Our systems allow
energy to be stored and released according to customers' energy needs.
Energy has to date sold and installed more than 60,000 systems across the
country, with a focus on the residential, commercial, industrial, utilities
and electric mobility markets. At December 31, 2023, revenues were Euro 63.3
million and net profit Euro 5.6 million. The biggest projects executed
include the large-scale plant in Comiso (Sicily), consisting of an
agrivoltaic plant and a photovoltaic field, the large-scale plant at the
CAAB Centre in Bologna, the Smart Grids at numerous municipalities in
Sardinia and Lombardy and a Condominium Energy Community in Switzerland
where individual hubs exchange energy as needed. Energy's sales channels
include both general electrical distributors and PV specialists, while the
company also works with large European EPCs. The proximity of Energy's
logistics to the headquarters of major distributors has allowed the company
to establish strong partnerships with the Italian and European market
players. The company purchases components from major international suppliers
and combines them with its "Zero CO2" proprietary software to build EU
standard compliant systems. www.energyspa.com
About Enermore S.r.l.. - With a staff of about 10, mainly engineers,
Enermore S.r.l. designs the integration of storage systems into power
generation plants of different types, and particularly large plants. It
technically assists various renewable supply chain operators: developers,
investors, large EPC (Engineering, Procurement and Construction), companies,
utilities and other contracting stations. The company has a particular
presence in the D-A-CH area (Germany, Austria, Switzerland), involved in
both the integrated design and management of on-site installation and
after-sales maintenance activities, including the combination of lithium
storage systems with other emerging technologies (e.g., hydrogen).
Contacts
Company
Energy S.p.A.
Tel. +39 049 2701296
investor@energysynt.com
IR & Corporate Media Relations Advisors International
TWIN Srl
Mara Di Giorgio
Tel. +39 335 7737417
energy@twin.services
IR- & Pressekontakt Deutschland
Fabian Lorenz
Tel. 0221 / 29831588,
lorenz@florenz-kommunikation.de
---------------------------------------------------------------------------
30.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
End of News EQS News Service
---------------------------------------------------------------------------
1914301 30.05.2024 CET/CEST
Germany, Austria and Switzerland
EQS-News: Energy S.p.A. / Key word(s): Takeover/Acquisition
Energy S.p.A acquires 90% of Enermore S.r.l. and expands its business into
Germany, Austria and Switzerland
30.05.2024 / 09:41 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Energy S.p.A acquires 90% of Enermore S.r.l. and expands its business into
Germany, Austria and Switzerland
Enermore S.r.l. specializes in large-scale storage system installation and
maintenance consultancy, design and control and has a particular presence in
the D-A-CH area.
CEO Tinazzi: "The acquisition brings with it many advantages, including the
provision of greater engineering support to the design and construction of
medium to large plants, boosting the quantity and quality of services for
our clients."
Sant'Angelo di Piove di Sacco (Padua), May 30, 2024 - Energy S.p.A. (the
"Company" or "Energy"), an Italian leader in storage systems for energy from
renewable sources (BESS, Battery Energy Storage System), listed on the
Euronext Growth Milan market (ISIN Code IT0005500712, Ticker ENY), announces
that on May 29, 2024, it has signed a preliminary agreement to purchase 90%
of the share capital of Enermore S.r.l, a company based in Sterzing (BZ) and
held by a German holding company, Natural Resources Holding AG.
Enermore S.r.l. specializes in storage system installation and maintenance
consultancy, design and control.
The transaction is expected to close by the first half of June 2024.
Following the closing, the governance of the company - which will retain its
current name considering the recognition it has achieved on the market -
will be entrusted to a Board of Directors, of which Energy S.p.A. will hold
the majority.
In line with the company's growth strategy, the acquisition aims to
strengthen the Energy Group's know-how regarding the integration of storage
systems into power generation plants, with the goal of extending the
technical service offering to the renewable energy sector supply chain.
The acquisition will take place in cash, based on an assessed Enterprise
Value of Euro 2.2 million, net of the forecast Net Financial Position of
approximately Euro 1.2 million at the closing date of the transaction.
Enermore S.r.l. for 2023 reported sales of Euro 3.8 million and EBITDA of
Euro 0.5 million.
"The acquisition of Enermore S.r.l. brings with it many advantages:
primarily, the Energy S.p.A. Group can now offer more engineering support
for the design and construction phases of medium to large plants, increasing
the quantity and quality of services for our clients" stated Energy S.p.A.
CEO Davide Tinazzi "The geographic proximity to the D-A-CH area (1) will
facilitate communication and mutual understanding in the negotiation,
planning and execution of complex projects in the focus areas. An additional
benefit is that Enermore is the bridgehead for our consolidation in the
D-A-CH market, where it has been present for many years both with
significant projects and offering through its own distribution network
products that complement Energy's range of solutions. Finally, a further
advantage is the ability to provide control electronics and field (edge)
software, complementary to the type of widespread (cloud) software offered
by EnergyInCloud S.r.l., which was acquired in 2023."
***
This press release is available on Energy S.p.A.'s website (
www.energysynt.com) in the Investor Relations/Press Releases section and on
www.emarketstorage.com.
***
Energy S.p.A., founded in 2013 by Davide Tinazzi, Andrea Taffurelli and
Massimiliano Ghirlanda and listed since August 1, 2022 on the Euronext
Growth Milan market of the Italian Stock Exchange, is headquartered in the
province of Padua (Italy) and is an energy storage systems for both
residential and large-scale applications sector leader. Our systems allow
energy to be stored and released according to customers' energy needs.
Energy has to date sold and installed more than 60,000 systems across the
country, with a focus on the residential, commercial, industrial, utilities
and electric mobility markets. At December 31, 2023, revenues were Euro 63.3
million and net profit Euro 5.6 million. The biggest projects executed
include the large-scale plant in Comiso (Sicily), consisting of an
agrivoltaic plant and a photovoltaic field, the large-scale plant at the
CAAB Centre in Bologna, the Smart Grids at numerous municipalities in
Sardinia and Lombardy and a Condominium Energy Community in Switzerland
where individual hubs exchange energy as needed. Energy's sales channels
include both general electrical distributors and PV specialists, while the
company also works with large European EPCs. The proximity of Energy's
logistics to the headquarters of major distributors has allowed the company
to establish strong partnerships with the Italian and European market
players. The company purchases components from major international suppliers
and combines them with its "Zero CO2" proprietary software to build EU
standard compliant systems. www.energyspa.com
About Enermore S.r.l.. - With a staff of about 10, mainly engineers,
Enermore S.r.l. designs the integration of storage systems into power
generation plants of different types, and particularly large plants. It
technically assists various renewable supply chain operators: developers,
investors, large EPC (Engineering, Procurement and Construction), companies,
utilities and other contracting stations. The company has a particular
presence in the D-A-CH area (Germany, Austria, Switzerland), involved in
both the integrated design and management of on-site installation and
after-sales maintenance activities, including the combination of lithium
storage systems with other emerging technologies (e.g., hydrogen).
Contacts
Company
Energy S.p.A.
Tel. +39 049 2701296
investor@energysynt.com
IR & Corporate Media Relations Advisors International
TWIN Srl
Mara Di Giorgio
Tel. +39 335 7737417
energy@twin.services
IR- & Pressekontakt Deutschland
Fabian Lorenz
Tel. 0221 / 29831588,
lorenz@florenz-kommunikation.de
---------------------------------------------------------------------------
30.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
Language: English
Company: Energy S.p.A.
Piazza Manifattura 1
38068 Rovereto TN
Italy
Phone: +39 049 270 1296
Internet: https://www.energysynt.com/
ISIN: IT0005500712
WKN: A3DRZU
Listed: Regulated Unofficial Market in Frankfurt, Munich,
Stuttgart
EQS News ID: 1914301
End of News EQS News Service
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1914301 30.05.2024 CET/CEST
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
ENERGY S.P.A. | A3DRZU | Frankfurt | 1,270 | 05.07.24 15:29:01 | -0,020 | -1,55% | 0,000 | 0,000 | 1,270 | 1,270 |
