M&A Deal Summary

E.ON Acquires innogy SE

On March 12, 2018, E.ON acquired renewable energy company innogy SE from RWE

Acquisition Highlights
  • This is E.ON’s 1st transaction in the Renewable Energy sector.
  • This is E.ON’s 2nd transaction in Germany.

M&A Deal Summary
Date 2018-03-12
Target innogy SE
Sector Renewable Energy
Buyer(s) E.ON
Sellers(s) RWE
Deal Type Add-on Acquisition

Target

innogy SE

Essen, Germany
innogy SE builds and operates power plants that generate power from renewables. In addition to building intelligent networks, the Company offers innovative energy services, in fields such as storage technologies, electromobility and energy efficiency.

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Buyer(S) 1

Buyer

E.ON

Essen, Germany
Category Company
Founded 1923
Sector Energy Services and Equipment
Employees65,515
Revenue 93.7B EUR (2023)
DESCRIPTION

E.ON will focus 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 3 of 7
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 2 of 5
Country (Germany) 2 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 E.ON Coal & Gas Generation Assets

Rome, Italy

E.ON Coal & Gas Generation Assets comprises capacity of approximately 4,500 megawatts. They consist of an approximately 600 megawatt coal-fired power plant in Sardinia (Fiume Santo) and approximately 3,900 megawatts of gas-fired power capacity across six power plants located on the Italian mainland and in Sicily.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-10 Virta

Helsinki, Finland

Virta Ltd. is a Finnish developer and supplier of IT systems for charging electric cars. Virta is one of the international technology leaders in both individual billing and control of charging processes. In particular the Finns want to provide an answer to increased fluctuations in the energy system caused by the growth of renewable energies via steering EV-charging (e.g., load management, vehicle-to-grid technologies). For this, the software platform optimizes the energy flow behind the charging stations, avoids energy peaks, reduces costs, and enables extra profits for auxiliary grid services for vehicle owners. This is particularly important for the conversion of public and commercial vehicle fleets to electric mobility.

Buy -

Seller(S) 1

SELLER

RWE

Essen, Germany
Category Company
Founded 1898
Sector Utilities
Employees20,542
Revenue 28.6B EUR (2023)
DESCRIPTION

RWE is an electricity and gas company. Through its expertise in oil, gas, and lignite production, electricity generation from gas, coal, nuclear, and renewables, and energy trading as well as electricity and gas distribution and supply, RWE is active at all stages of the energy value chain. RWE was founded in 1898 and is based in Essen, Germany.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Germany) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-16 ENCON

Hanover, Germany

ENCON GmbH engages in developing, scheduling, constructing, and operating energy systems.

Buy -
Mergr

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