A2A acquires Agripower, Italian company generating electricity from biogas
The transaction, through the subsidiary LGH, enables the Group to further strengthen its presence in the circular economy
Milan, 8 October 2020 – A2A, through the subsidiary Linea Group Holding (LGH), was the successful bidder in the auction of the company Agripower S.r.l., an industrial company specialising in the development and management of plants generating electricity from biogas based in Zola Predosa (BO).
The auction of the entire share capital of Agripower, at a price of € 10.1 million, took place as part of the composition with creditors procedure at the Court of Bologna concerning SECI S.p.A., part of the Maccaferri Group. Finalisation of the transaction and transfer of the shareholdings is expected in the coming months, following completion of the related requirements and conditions as per the auction procedure.
Agripower is one of the main Italian platforms for generating electricity from biogas, through the management of plants powered by renewable sources, in particular agricultural and agro-industrial residues. It owns 18 plants with a total installed capacity of approx. 18 MW, distributed in 9 regions in Northern and Central Italy and Sardinia.
Agripower is also a reference player for the operation and maintenance of biogas power generation plants, with over 60 facilities under management.
In 2019, Agripower generated approx. €42.7 million in consolidated revenues and consolidated EBITDA of €15.8 million.
Through this acquisition, LGH confirms and strengthens its position in bioenergy production. For A2A, the operation is a further step forward in the development of the circular economy, a new element in the Group's commitment to a sustainable energy transition.
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