EQT Infrastructure II Sells EEW Energy from Waste for €1.4 Billion
In the largest Chinese acquisition in Germany so far, Beijing Enterprises Holdings Limited acquires 100% of the leading German energy-from-waste company.
Amedeo Vaccani has been supporting EEW as an active advisory board member since 2015.
EEW (www.eew-energyfromwaste.com) is the leading energy-from-waste (EfW) company in Germany, also active in Luxembourg and the Netherlands. Under EQT Infrastructure II ownership, EEW has transformed into a highly efficient organization focused on providing long-term, environmentally friendly waste disposal solutions and the production of energy from waste. EQT’s governance model and industrial approach have been the catalyst for EEW’s transformation and established an ideal platform to drive future growth.
With 1,050 employees, EEW operates 18 EfW plants and produces electricity, district heating and process steam for industrial use. The plants are modern facilities with state-of-the-art technology, frequently updated to meet latest technological standards. EEW operates an installed waste processing capacity of about 4.7 mil. tons making an important contribution to European sustainable economy and playing a vital part in the local energy infrastructure, producing in total 6 TWh of energy. In 2014, EEW generated sales of approx. EUR 539 million.
EQT Infrastructure II acquired a 51% stake in EEW in March 2013, and developed the business in partnership with E.ON, one of Europe’s largest energy groups. In April 2015, EQT Infrastructure II purchased the remaining 49% of the shares after E.ON announced its group restructuring program. Throughout its ownership, EQT Infrastructure II has supported EEW in significant growth, both organically and through selected strategic acquisitions.
On March 2, 2016 the sale to Beijing Enterprises Holdings Limited (BEHL) was concluded. BEHL is the sole overseas listed conglomerate controlled by the Beijing Municipal Govt. for channeling capital, technology and management expertise from international market into Beijing’s development priorities. As a professional public utilities provider, BEHL is a diversified conglomerate with focus on gas business, water services business, green industry and solid waste treatment, and beer business. Further information about BEHL can be found at www.behl.com.hk.
Amedeo Vaccani has been supporting EEW as an active advisory board member since 2015.