.
MergerLinks Header Logo

New Deal


Announced

Edenred to acquire energy cards busines from IP Gruppo.

Financials

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

Tags

Edit

Single Bidder

Cross Border

Italy

fuel products

Oil Equipment and Services

Acquisition

Private

Majority

Pending

Friendly

Synopsis

Edit

Edenred, a company specializing in B2B Mobility solutions, agreed to acquire energy cards business from IP Gruppo, an oil and energy company. Financial terms were not disclosed. “This new partnership with IP Gruppo api will allow to add IP strong domestic energy card franchise to our existing multi-brand offer and will give Edenred a much-extended footprint in Italy. We are looking forward to offering access to our Beyond Fuel digital solutions to the 50k IP customers, while effectively supporting the switch of corporate and professional fleets from traditional engines to hybrid and electrical vehicles," Diane Coliche, Edenred Chief Operating Officer.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US