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Announced

terranets bw to merge with Gas-Union Transport in a $70m deal.

Financials

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Transaction Value£52m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

gas transportation

Merger

Domestic

Single Bidder

Private

Completed

Germany

Friendly

Acquisition

Gas Distribution

Synopsis

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terranets bw, an independent transport network operator for gas, agreed to merge with Gas-Union Transport, a subsidiary of Gas-Union in a $70m deal. "With the acquisition we are realizing a strategic growth opportunity. The structure and supply tasks of the two networks complement each other perfectly and offer diverse opportunities," Katrin Flinspach, terranets bw Managing Director.

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