.
MergerLinks Header Logo

New Deal


Announced

GETEC ENERGIE to acquire Total Energie Gas.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

natural gas

Single Bidder

Majority

Pending

Germany

Friendly

Private

Acquisition

Integrated Oil and Gas

Domestic

Synopsis

Edit

GETEC ENERGIE, a provider of utility services, agreed to acquire Total Energie Gas, a broad energy company. Financial terms were not disclosed. The TEG, now a wholly-owned subsidiary of GETEC, continues to supply its customers in accordance with the contractually agreed regulations and also offers all other services of GETEC and its subsidiaries. For GETEC ENERGIE, taking over around 58k energy consumption points means further growth of its highly scalable ones platform for all energy management processes such as market communication and billing. “I am delighted that we have found a partner in GETEC who can continue our business in Germany professionally. With GETEC, our customers get a new, extremely reliable energy supplier and business partner. The previous services of Total Energie Gas GmbH can be continued smoothly," Franck Maurin, Total Energie Gas Managing Director.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US