M&A Deal Summary

E.ON Acquires WINGAS - Biomethane Business

On July 1, 2019, E.ON acquired energy services and equipment company WINGAS - Biomethane Business from WINGAS

Acquisition Highlights
  • This is E.ON’s 1st transaction in the Energy Services and Equipment sector.
  • This is E.ON’s 3rd transaction in Germany.

M&A Deal Summary

Date 2019-07-01
Target WINGAS - Biomethane Business
Sector Energy Services and Equipment
Buyer(s) E.ON
Sellers(s) WINGAS
Deal Type Divestiture

Target

WINGAS - Biomethane Business

Kassel, Germany
WINGAS GmbH - Biomethane Business is a clean energy that reduces greenhouse gas emissions and improves air quality.

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Buyer(S) 1

Buyer

E.ON

Essen, Germany

Category Company
Founded 1923
Sector Energy Services and Equipment
Employees65,515
Revenue 80.1B EUR (2024)
DESCRIPTION

E.ON focuses on renewables, distribution networks, and customer solutions. Its conventional generation, global energy trading, and exploration and production businesses will be combined in a new, independent company. E.ON was founded in 1923 and is based in Essen, Germany.


DEAL STATS #
Overall 7 of 8
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Germany M&A 3 of 4
Year: 2019 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Coromatic AB

Bromma, Sweden

Coromatic AB is a data center focused service company. Coromatic is active in IT data center design and build as well as selling Datacenter as a service, accompanied by services, maintenance and counseling. Coromatic AB was founded in 2008 and is based in Bromma, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-13 PSI Group

Berlin, Germany

PSI Group develops software products for optimizing the flow of energy and materials for utilities and industry. As an independent software producer, it offers process control systems that ensure sustainable energy supply and production by combining AI methods with industrially proven optimization methods. PSI Group is based in Berlin, Germany.

Buy €702M

Seller(S) 1

SELLER

WINGAS

Kassel, Germany

Category Company
Founded 1993
Sector Energy Services and Equipment
DESCRIPTION

WINGAS GmbH is one of the largest suppliers of natural gas in Germany since it was founded in 1993. The energy company is active in natural gas trading across Europe: in Belgium, Austria, the Netherlands, the Czech Republic and Slovakia. WINGAS GmbH customers include municipal utilities, regional gas suppliers, industrial firms and power plants.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2019 M&A 1 of 1