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HomeAlpiq GroupInvestor RelationsAd hoc announcements

Alpiq acquires Romanian EHOL

07/02/2009, 07:00 | Ad hoc announcement pursuant to Art. 53 LR

Aare-Tessin Ltd. for Electricity, a company of Alpiq Holding Ltd., has taken over the Romanian energy provider EHOL Distribution S.R.L. The associated transaction was closed on 1 July 2009. EHOL has a large portfolio of industrial customers in Romania. With this takeover, Alpiq has become one of the top three end-customer providers in Romania and has further expanded its position in the South-East European electricity market.

Following the acquisition of Buzmann Industries S.R.L. in 2007, Alpiq Holding Ltd. has further extended its sales activities in Romania. The Swiss energy concern took over the Romanian electricity company EHOL Distribution S.R.L. on 1 July 2009. The contractual partners have agreed not to disclose the price of the transaction.

Significant market share in the Romanian end-customer business

EHOL Distribution S.R.L. has its headquarters in Bucharest. The company employs 13 people and supplies medium to large industrial customers and distributor companies. EHOL has a significant market share in the Romanian end-customer segment and also provides energy services in the field of metering data provision. In the end-customer market, EHOL will operate together with Buzmann Industries S.R.L., which is active in the medium-sized industry customers' segment. The complete sales portfolio of Alpiq in Romania will be optimised in cooperation with Alpiq's Romanian wholesale trader, Atel Energy Romania S.R.L.