Add-on Acquisition • Oil/Gas Exploration

TotalEnergies Acquires Pitpoint B.V.

On May 3, 2017, TotalEnergies acquired oil/gas exploration company Pitpoint B.V. from Bencis

Acquisition Context
  • This is TotalEnergies’ 1st transaction in the Oil/Gas Exploration sector.
  • This is TotalEnergies’ 1st transaction in the Netherlands.

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M&A Deal Summary

Date May 3, 2017
Target Pitpoint B.V.
Sector Oil/Gas Exploration
Buyer(s) TotalEnergies
Sellers(s) Bencis
Deal Type Add-on Acquisition

Target Company

Pitpoint B.V.

Nieuwegein, Netherlands
Pitpoint B.V. is a provider of natural gas vehicle fuel. Pitpoint also provides other clean fuels such as hydrogen fuel and the electric charging infrastructure. The company operates over 100 different compressed natural gas (CNG), electricity (EV), hydrogen (H2) and liquefied natural gas (LNG) stations in the Netherlands and Belgium. Pitpoint B.V. was established in 2014 and is headquartered in Nieuwegein, France.
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Buyer Overview 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 Context for Buyer #
Overall 5 of 26
Sector: Oil/Gas Exploration 1 of 8
Type: Add-on Acquisition 4 of 12
Country: Netherlands 1 of 1
Year: 2017 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-07 Atotech

Utrecht, Netherlands

Atotech is a specialty chemicals technology company provides advanced electroplating solutions. Atotech delivers chemistry, equipment, software, and services for innovative technology applications through an integrated systems-and-solutions approach. Atotech was founded in 1993 and is based in Utrecht, Netherlands.

Sell $3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 GreenFlex

Paris, France

GreenFlex specializes in energy efficiency, decarbonization, and sustainable development solutions, supporting companies and communities in their environmental transition. GreenFlex was founded in 2009 and is based in Paris, France.

Buy -

Seller Profile 1

SELLER

Bencis

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.9B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Bencis is an independent private equity firm focused on investments in profitable, established companies headquartered throughout Western Europe. Target businesses typically generate sales of €25 to €500 million and operate in the industrial/manufacturing, food/beverages, logistics/distribution, chemicals, automotive, leisure, media, services, utilities and retail industries. Bencis was formed in 1999 and is based in Amsterdam, the Netherlands.


Deal Context for Seller #
Overall 23 of 36
Sector: Oil/Gas Exploration 1 of 1
Type: Add-on Acquisition 9 of 14
Country: Netherlands 20 of 30
Year: 2017 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Tech Tribes

Antwerp, Belgium

Tech Tribes is a provider of IT consultancy company, delivering complex digital solutions for mission-critical business processes using state-of-the-art technologies and capabilities. The company connects the know-how of local clusters of expertise to a comprehensive end-to-end value proposition for its customers, in digital strategy, software development, and open hybrid platforms. Tech Tribes is based in Antwerp, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-30 Olyslager

Bunschoten, Netherlands

Olyslager is one of the largest suppliers of data for the oil industry. The business collects all technical data on lubricants from more than 2,500 OEMs (including manufacturers of automotive and industrial machinery). The oil industry uses the data in many areas. Olyslager was founded in 1948 and is based in Bunschoten, Netherlands.

Buy -