The binding agreement was signed today through AcegasApsAmga: it will acquire 100% of the company that manages the gas facilities of 23 municipalities in the Verona area.
The Hera Group is strengthening its presence in the north-east of Italy by acquiring Gigas Rete, which operates in the management of gas networks and distribution facilities. Through AcegasApsAmga, the multi-utility today signed a binding agreement with the company Brimsco for the acquisition of 100% of Gigas Rete, with its registered office in Lodi.
Gigas Rete is a company with over 60 years of experience in the network services sector. It manages approximately 1,200 kilometres of gas networks and 57,400 redelivery points (RDPs) in 23 municipalities in the province of Verona, ensuring the supply of natural gas to over 140 thousand residents and the many businesses operating there.
The transaction has an enterprise value aligned with the value of the company’s RAB, whose reported EBITDA in 2025 amounted to approximately 3.5 million euro. AcegasApsAmga’s acquisition of 100% of Gigas Rete will be completed in the coming months, once the standard conditions precedent for transactions of this type have been fulfilled.
With Gigas Rete, the Hera Group continues its external growth: a strategy to expand the company’s scope, aimed at creating local synergies that combine the industrial development of the acquired companies with the high quality standards of the services provided by the Hera Group. The area served by Gigas Rete, covering more than 630 square kilometres, falls within territorial areas already served by the multi-utility in the north-east with its services.
The main M&A transactions completed by the Hera Group in the first six months of the year include the acquisition of a majority stake in Servizi Ecologici Ambientali (SEA), which operates in the province of Ancona with a multi-purpose platform for special waste, and 100% of STA and its stakes in the subsidiaries belonging to the Sostelia Group, which specialises in the treatment of industrial and municipal water. All these transactions are part of the growth objectives set out in the Group’s Business Plan, which identifies a contribution from M&A activities of 100 million euro over the five-year period 2025-2029.
“This M&A marks another step in the Hera Group’s development”, commented Carlo Andriolo, CEO of AcegasApsAmga. Once the transaction is completed, AcegasApsAmga will manage over 300 thousand RDPs and more than 4,500 kilometres of gas networks. Thanks to the acquisition of Gigas Rete’s assets, our company is strengthening its presence in Veneto and, in particular, in the Verona area, adding a strategic element of territorial continuity that will guarantee an ever-larger community the high standards of quality, continuity and safety of the services that distinguish the Group”.
“The sale of the stake in Gigas Rete marks an important step in the strategic repositioning of the Brimsco Group,” said Emanuele Bruno, Chairman of Brimsco. “The transaction will allow us to focus resources and expertise on electricity and gas sales and will strengthen the Brimsco Group’s ability to assess new renewable energy initiatives. It is a forward-looking decision, aimed at contributing to the energy transition and playing an active role in this process.”
In the transaction, Hera S.p.A. was advised by GA-Alliance on legal matters, while Brimsco S.r.l. was advised by PwC as industrial and financial adviser, LC&P Studio Legale Associato on legal matters and Gusmitta & Associati on tax matters.