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  5. Eni gas e luce Acquires Be Power

M&A Deal Summary

Eni gas e luce Acquires Be Power

On August 5, 2021, Eni gas e luce acquired renewable energy company Be Power

Acquisition Highlights
  • This is Eni gas e luce’s 1st transaction in the Renewable Energy sector.
  • This is Eni gas e luce’s 1st transaction in Italy.

M&A Deal Summary
Date 2021-08-05
Target Be Power
Sector Renewable Energy
Buyer(s) Eni gas e luce
Deal Type Add-on Acquisition

Target

Be Power

Milan, Italy
Be Power is Digital Green Utility (DGU) business model based on the powerful synergies between the energy and mobility market. The model aims to integrate Energy Trading as Balancing Responsible Party (BRP) and the construction of a fully owned nationwide public network of EV charging stations to sell energy to Electric Vehicles and balancing supply and demand on the grid. Be Power was formed in 2017 and is based in Milan, Italy.

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Buyer(S) 1

Buyer

Eni gas e luce

San Donato Milanese, Italy
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Eni gas e luce offers gas and electricity tariffs and activation of Eni electricity and gas supplies for homes and businesses. Eni gas e luce is based in San Donato Milanese, Italy.

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: Italy M&A 1 of 1
Year: 2021 M&A 1 of 1
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