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New Deal


Announced

Completed

ERG completed the acquisition of Omniwatt from Omnes for €45m.

Financials

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Transaction Value£38m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

France

Cross Border

Single Bidder

Acquisition

Majority

power station

Electrical Components

Private

Private Equity

Completed

Synopsis

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ERG, a wind power operator in Italy, completed the acquisition of Omniwatt, a French firm that owns a portfolio comprising five wind farms for a total of 58MW and two photovoltaic power facilities for a total of 22MW, from Omnes, a private equity firm, for €45m. "This transaction, in line with our 2021-2025 business plan allow us to enter into the French photovoltaic market, taking our overall installed capacity to almost 500MW. We will achieve this target through sale terms guaranteed by feed-in-tariff schemes and with an high technology portfolio that is located close to our other Group operational and logistic assets, thereby allowing us to achieve significant operational synergies," Paolo Luigi Merli, ERG CEO.

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