Building Energys purchase of 4energia, an Italian energy trader, will strengthen its position in a vastly changing energy market
Building Energy, an Italian multinational that operates as a Global Integrated IPP in the renewable energy industry, has signed a purchase agreement to acquire 4energia, an independent energy trader founded to buy electric power from small and medium scale plants for energy producers in Italy.
The agreement will see the merger of these two established players in the energy industry. 4Energia headquartered in Milan, having been founded in 2014 by Roberto Colicchio, Paolo Esposto, Carlo Mereu and Andrea Russo, managers with decades of experience in energy markets. In 2016, the company's total sales topped EUR?65mn and its current total capacity is 350 MW.
As part of the company's constant development strategy, the acquisition will expand Building Energy's in the energy market.
"We are very pleased to announce the acquisition of 4energia," explained Fabrizio Zago, CEO of Building Energy. "For us, this is a new piece in the strategic jigsaw to strengthen our business in the energy industry. This transaction merges two dynamic companies known for their innovative approaches and it will allow us to develop new growth strategies and synergies to further consolidate our positions in Italian and international markets."
