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Investments, divestments and M&A

The target for external growth to 2021 comes to +107 m€ in EBITDA, of which roughly 17m€ has already been reached through the acquisition of 80% of Aliplast.

The inclusion of other industrial figures, active in its core businesses, within the Group’s scope of operations is expected to contribute with roughly 90m€.

External growth accounted for 43% in past 15 years

 
M-A target


M&A track record

CompanyBusiness/ActivitiesPress release/Presentation% stake
SangroserviziElectricity and gas sales20/03/2018100%
Megas.netGas distribution07/03/2018100%
Blu RantonElectricity and gas sales08/02/2018100%
TesecoWaste services30/01/17100%
AliplastWaste services11/01/17100%
Gran SassoElectricity and gas sales06/10/16100%
Julia servizi piùElectricity and gas sales08/04/16100%
Geo NovaWaste services29/12/2015100%
Waste RecyclingWaste services23/12/2015100%
Alento gasGas sales26/01/2015100%
EcoenergyWaste services27/11/2014100%
Amga UdineMulti utility25/06/2014100%
Fucino gasGas sales 13/01/2014100%
Est Reti ElettricheElectricity distribution12/12/2013100%
Isontina Reti GasGas distribution30/09/2013100%
AcegasApsMulti-utility25/07/2012
Analyst presentation
100%
SadoriGas sales14/04/201150%
EnomondoBiomass combustion plant11/01/201140%
AimagMulti-utility12/10/200925%
Tamarete EnergiaCCGT17/12/200832%
Megas TradeElectricity and gas sales28/07/2008100%
SATMulti-utility16/10/2007
23/07/2007
08/08/2006
19/10/2006
100%
Marche MultiserviziMulti-utility23/07/200741.8%
AspesMulti-utility28/06/2007
27/07/2006
49.8%
Enel electricity distribution grid in ModenaElectricity distribution27/06/2006
13/03/2006
100%
Geat Distribuzione GasGas distribution29/06/2006100%
Meta SpAMulti-utility24/06/2005
Analyst presentation
100%
Ecologia AmbienteWTE06/07/2004
Analyst presentation
100%
SETCCGT15/12/200439.0%
Calenia EnergiaCCGT28/09/200415.0%
Agea SpAMulti-utility27/07/2004
Analyst presentation
100%
 


Hera Group's focus on core business areas (Water, Waste, Energy) and streamlining of company structure has resulted in a major divestment/rationalization policy.

Divestments/rationalizations are underpinned by the following strategies:

  • Streamlining/financing development
  • Organizational focus

The numerous rationalization operations were in response to the need for a more efficient governance structure able to deliver significant cost savings.

 
2002: Hera group is the result of more than 20 mergers; 2012: Hera group after 12 years of rationalization
 

Divestments: track record

YearDismission/
Closed
Merger/
De-merger
Acquisitions/
Estabilishment
ConfermentTransformationsTotalDetails
201782100020 
20165440215 
20159890228 
20145782-22 
201312411--27 
2012922-114PDF - 2012 Divestments
2011922-114PDF - 2010 Divestments
20103343 13PDF - 2010 Divestments
2009111284 35PDF - 2009 Divestments
20086171 15PDF - 2008 Divestments
20076263 17PDF - 2007 Divestments
200624373 37 
2005233182 46 
2004144290 47 
2003264110 41 


Page updated 1 August 2018

 
 
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