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Announced

Completed

Remondis to acquire SFW Energia from Iqony.

Financials

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

Tags

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Private

Cross Border

Machinery: Specialty

Acquisition

Poland

hvac

HVAC manufacturing company

Majority

Friendly

Completed

Single Bidder

Synopsis

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Remondis, a German multinational company for recycling, water resource management and industrial and communal services, agreed to acquire SFW Energia, an HVAC equipment manufacturer, from Iqony, an energy storage company. Financial terms were not disclosed. “For us, this is an important step in the development of Remondis in Poland. For many years we have been investing in technologies that contribute to decarbonization – reducing carbon emissions and replacing fossil fuels with alternative energy sources. I believe that with this transaction our customers will live in a much cleaner environment as the energy transition is one of the biggest challenges facing the world. We know what expectations society has in this regard and we want to be the driving force of change for the benefit of future Polish generations," Marek Gębski, Remondis Board Member.

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