(Finance) – Energya leading Italian company in storage systems for energy from renewable sources (BESS, Battery Energy Storage System), signed on 29 May 2024 a preliminary contract for the purchase of 90% of the share capital of Enermore, a company based in Vipiteno (BZ) held by a German holding company, Natural Resources Holding AG.
Enermore specializes in consultancy, design and control of installation and maintenance in storage systems.
The closing of the operation is expected by the first half of June 2024. Following the closing, the governance of the company – which will maintain its current name by virtue of the recognition achieved on the market – will be entrusted to a Board of Directors of which Energy will hold the majority.
In line with the company’s growth strategy, the acquisition aims to strengthen the Energy group’s know-how relating to the integration of storage systems in energy production plants, with the aim of extending the offer of technical services to the supply chain active in the renewables sector.
The acquisition will take place in cash, based on an Enterprise Value estimated at approximately Euro 2.2 million, net of the expected Net Financial Position of approximately Euro 1.2 million at the closing date of the transaction. As of 31.12.2023 Enermore recorded a turnover of Euro 3.8 million and an Ebitda of Euro 0.5 million.
“The acquisition of Enermore brings with it numerous advantages: first of all, the Energy group will now be able to offer greater engineering support in the design and construction phases of medium-large plants, increasing the quantity and quality of services for our customers”, declared theCEO of Energy Davide Tinazzi. “The geographical proximity to the DA-CH world will facilitate communication and mutual understanding in the negotiation, planning and execution of complex projects in the focus areas. A further benefit is given by the fact that Enermore represents the bridgehead for our consolidation in the DA-CH market, where it has been present for many years both with significant projects and with its own distribution network of products that complete Energy’s range of offerings. Finally, another advantage is the ability to provide control electronics and field software (edge), complementary to the type of widespread software (cloud), offered by EnergyInCloud, acquired in 2023″.