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New Deal


Announced

BP to acquire GETEC Energie.

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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Germany

Renewable Energy Equipment

sustainable energy

Private

Pending

Single Bidder

Acquisition

Majority

Friendly

Cross Border

Synopsis

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BP, a British multinational oil and gas company, agreed to acquire GETEC Energie, an independent supplier of energy to commercial and industrial customers in Germany. Financial terms were not disclosed. "As we continue to deliver our strategy, it’s essential that we can connect and integrate the energy solutions we offer customers across bp. The addition of GETEC Energie will expand and enhance our ability to do just that in Germany and ultimately in Europe," Carol Howle, BP executive vice president of trading & shipping.

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