M&A Deal Summary

Chubu Electric Power and Mitsubishi Acquire Eneco Group

On March 25, 2020, Chubu Electric Power and Mitsubishi acquired renewable energy company Eneco Group

Acquisition Highlights
  • This is Chubu Electric Power’s 1st and Mitsubishi’s 1st transaction in the Renewable Energy sector.
  • This is Chubu Electric Power’s 1st and Mitsubishi’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2020-03-25
Target Eneco Group
Sector Renewable Energy
Buyer(s) Chubu Electric Power
Mitsubishi
Deal Type Add-on Acquisition

Target

Eneco Group

Rotterdam, Netherlands
Eneco Group is a group of companies engaged in sustainable energy and innovation. Eneco invests in wind and solar farms, biomass plants and green district heating with an aim to increase its presence in sustainable energy. Eneco Group was established in 1995 and is based in Rotterdam, Netherlands.

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Buyer(S) 2

Buyer

Chubu Electric Power

Nagoya, Japan

Category Company
Founded 1889
Sector Utilities
Employees22,566
Revenue 3.67T JPY (2025)
DESCRIPTION

Chubu Electric Power is an electric utility provider that generates electricity through thermal, nuclear, hydroelectric, wind, biomass, and solar sources. Chubu Electric Power was founded in 1889 and is based in Nagoya, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2020 M&A 1 of 1
Buyer

Mitsubishi

Tokyo, Japan

Category Company
Founded 1950
Sector Diversified
Employees62,062
Revenue 18.62T JPY (2025)
DESCRIPTION

Mitsubishi is a diversified holding company that engages in global environmental & infrastructure, business service, industrial finance, logistics & development, energy business, metals, machinery, chemicals, and living essentials business. Mitsubishi was founded in 1950 and is based in Tokyo, Japan.


DEAL STATS #
Overall 12 of 16
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 8
Country: Netherlands M&A 1 of 1
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-25 CRISP Holdings

Tokyo, Japan

CRISP Holdings, Inc. has 14 specialty salad shops across Japan, which are aiming to establish healthy and delicious, customized salads as a new staple in Japan’s market. To revolutionize the customer experience, CRISP HD has also developed its own SaaS system called “PLATFORM,” which is available for purchase by restaurants. “PLATFORM” covers mobile-order, online-payment, and other services.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-29 CarbonCure

Dartmouth, Nova Scotia, Canada

CarbonCure is a Canadian company that produces concrete with carbon reduces reliance on cement, optimizing operations and helping to reduce the carbon footprint of the concrete industry. CarbonCure’s technology injects a precise dosage of carbon dioxide (CO₂) into concrete during mixing, where it undergoes a chemical reaction and converts into a mineral. CarbonCure was founded in 2007 and is based in Dartmouth, New Scotia.

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