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Investments, divestments and M&A

Hera will continue to focus on M&A, selecting investments that offer synergies and that are complementary to the current portfolio of activities: particular attention will be paid to target selection (multi-utilities, in addition to companies engaged in energy sales and waste treatment) based in areas of the national territory and considered to be of strategic importance for each activity.

 
Merger and Acquisitions
 
Plan to 2022


M&A track record

CompanyBusiness/ActivitiesPress release/Presentation% stake
EstEnergy (Joint Venture with Ascopiave)Electricity and gas sales17/06/201952%
Cosea AmbienteWaste services09/05/2019100%
CMV ServiziGas distribution26/02/2019100%
CMV Energia e ImpiantiElectricity and gas sales26/02/2019100%
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 results of more than 38 mergers and acquisitions; 2018: Hera Group after 16 years of mergers
 

Divestments: track record

YearDismission/
Closed
Merger/
De-merger
Acquisitions/
Estabilishment
ConfermentTransformationsTotal
20182550012
201782100020
20165440215
20159890228
20145782-22
201312411--27
2012922-114
2011922-114
20103343 13
2009111284 35
20086171 15
20076263 17
200624373 37
2005233182 46
2004144290 47
2003264110 41


Page updated 21 August 2019

 
 
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