GETEC Acquires Cogenio
With this acquisition, GETEC is expanding into industries such as chemicals, life sciences, the food and dairy sectors, and healthcare in Southern Europe
GETEC, a leading European provider of decarbonized energy and infrastructure solutions, has signed an agreement to acquire Cogenio. Cogenio is a company in the decentralized energy sector that supports commercial and industrial customers in Southern Europe in implementing their decarbonization strategies. The transaction involves the acquisition of a 100 percent stake in Cogenio Italy as well as 100 percent of Cogenio Iberia and was negotiated with the majority shareholder, Infracapital.
With the support of its long-term shareholders since its founding in 2018, Cogenio has evolved into an established, cross-border platform that supports a diversified customer base in meeting its decarbonization needs.
With the acquisition of Cogenio, GETEC is further expanding its existing portfolio of industrial facilities, strengthening its position in Italy in the industrial, public sector, and real estate segments, and simultaneously entering the market on the Iberian Peninsula. Cogenio’s technical expertise, established customer relationships, and strong regional presence will further strengthen GETEC’s operational capabilities and support the company’s strategy of scaling decarbonization solutions for customers throughout Southern Europe.
GETEC will thus serve energy-intensive industries in Italy and on the Iberian Peninsula, including chemicals and life sciences, data centers, the food and dairy industries, healthcare, real estate, the automotive industry, and the public sector. Customers will benefit from optimized energy solutions and expanded digital offerings within an integrated energy system that increases efficiency and supports the achievement of decarbonization goals.
The closing of the transaction is subject to regulatory approvals in Italy.
Pierre-Alain Graf, CEO of GETEC: “With Cogenio, we are strengthening our position in Italy while also opening a new chapter for GETEC on the Iberian Peninsula. Cogenio’s strong local presence ideally complements our Europe-wide footprint. This enables us to offer reliable and efficient decarbonization solutions on a larger scale and create long-term value for customers in industry, the public sector, and the real estate industry.”
Michele Armanini, Managing Director of Infracapital: “We are proud to have founded Cogenio as a joint venture in Italy, which subsequently expanded to the Iberian Peninsula. During our investment period, Cogenio expanded its service portfolio to include solutions such as solar photovoltaics and heat recovery, while also building a diversified customer base across multiple sectors. Through an effective eight-year partnership, we have laid a solid foundation for Cogenio’s next phase of development under GETEC.”
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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