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Announced

Completed

E.ON completed the acquisition of Coromatic from EQT Partners.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
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EV/EBITDA-
Share Price Premium-
One Off Charge-

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Electricity Distribution

electricity distibution

Private

Sweden

data center

Friendly

Acquisition

Private Equity

Single Bidder

Majority

Completed

Synopsis

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E.ON, one of the UK's top energy suppliers, completed the acquisition of Coromatic, an IT service management company, from EQT Partners. Financial terms were not disclosed. "The acquisition is an important step towards becoming a leading energy solutions company. A future with smart buildings, artificial intelligence, and the internet of things means that the need for electricity and uninterrupted power supply will only increase. Coromatic as a leader in their field has an exciting growth plan, and I see promising opportunities for us to jointly create new and innovative solutions for customers across various industries," Karsten Wildberger, E.ON Board Member.

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