Announced

Completed

Hitachi Zosen Inova completed the acquisition of a 85% stake in Schmack Biogas.

Synopsis

Hitachi Zosen Inova, a Swiss company specialising in energy from waste, completed the acquisition of a 85% stake in Schmack Biogas, an Italian company specializing in biogas and biomethane plant engineering and construction. Financial terms were not disclosed. "It’s an honour to bring Schmack Italy into the HZI family. With best-in-class proprietary technology and a proven track record in EPC and O&M, I’m confident Schmack will provide a strong platform for growth in the Italian biogas sector and beyond. I’m very pleased to issue a warm welcome to the team. I look forward to working together to develop the company and contribute to the industry over the coming years," Bruno-Frédéric Baudouin, HZI CEO.

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