M&A Deal Summary

TotalEnergies Acquires Kyon Energy

On January 23, 2024, TotalEnergies acquired energy services and equipment company Kyon Energy for 90M EUR

Acquisition Highlights
  • This is TotalEnergies’ 2nd transaction in the Energy Services and Equipment sector.
  • This is TotalEnergies’ 7th largest (disclosed) transaction.
  • This is TotalEnergies’ 1st transaction in Germany.

M&A Deal Summary

Date 2024-01-23
Target Kyon Energy
Sector Energy Services and Equipment
Buyer(s) TotalEnergies
Deal Type Add-on Acquisition
Deal Value 90M EUR

Target

Kyon Energy

Munich, Germany
Kyon Energy is a developer of battery storage systems with very competitive connection costs of which 120 MW are already in operation, 350 MW are under construction and 300 MW are ready to build. Kyon Energy was formed in 2021 and is based in Munich.

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Buyer(S) 1

Buyer

TotalEnergies

Courbevoie, France

Category Company
Founded 1924
Sector Oil/Gas Exploration
Employees62,796
Revenue 195.6B USD (2024)
DESCRIPTION

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables, and electricity. TotalEnergies was founded in 1924 and is based in Courbevoie, France.


DEAL STATS #
Overall 21 of 25
Sector: Energy Services and Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 11 of 12
Country: Germany M&A 1 of 2
Year: 2024 M&A 1 of 3
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-28 Ombrea

Aix-en-Provence, France

Ombrea is a provider of an agricultural services. Ombrea was founded in 2016 and is based in Aix-en-Provence, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 SapuraOMV Upstream

Kuala Lumpur, Malaysia

SapuraOMV Upstream is an independent gas producer. SapuraOMV Upstream was formed in 2004 and is based in Kuala Lumpur, Malaysia.

Buy $903M