Atel and Azienda Energetica S.p.A. – Etschwerke AG take over multi-utility supplier Energit

Milan-based Atel Energia S.r.l. has assumed control of the Italian multi-utility company Energit in partnership with Azienda Energetica S.p.A. – Etschwerke AG, Bozen. Energit is active in the areas of energy, telephony, Internet and business management systems and provides integrated solutions for business and private customers, authorities, public utility companies and telecoms operators.

Energit is headquartered in Cagliari. Its strengths lie in the company's pronounced technological base and dynamic growth which have enabled it to secure a leading position in the Italian small-business segment and establish a 25,000-strong customer base. 

The takeover comprises 85% of Energit's share base, of which 51% is attributable to Atel Energia S.r.l. and 34% to Azienda Energetica S.p.A. – Etschwerke AG. 

The takeover of the 51% stake in Energit marks Atel Energia S.r.l.'s first foray into the small, professional user segment. With sales of 10.4 billion kWh and revenue of over EUR 900 million, Atel is a major producer and supplier in the Italian electricity market. Atel Energia was founded during the liberalization of the Italian market in 1999 as a subsidiary of the leading Swiss energy provider Atel, which operates Europe wide. The company's portfolio includes eight thermal power plants and three hydroelectric plants that together generate an installed output of over 1,700 MW. 

Italy is a key market for Atel, which now commands a 7% market share. This is equivalent to a volume of 22 million KWh and comprises the sales of Atel Energia S.r.l. as well as imports.  Antonio Taormina, Member of the Atel Group Executive Board and Chairman of Atel Energia S.r.l. commented on the transaction: "Our success is attributable above all to Atel's reputation as a major and trusted supplier to numerous companies and purchasing consortia. Taking over a company that is already well established in the SME segment will enable us to take full advantage of the opportunities offered by the liberalization of the Italian market."

Piero Manzoni, Chief Executive Officer of Atel Energia S.r.l., echoes this view: "The synergies derived from pooling Energit's commercial strength with the importance and industry capability of Atel Energia S.r.l. as well as its partner Azienda Energetica S.p.A. – Etschwerke AG will put our common goal of achieving 100,000 business clients by the end of 2010 well within our grasp." 

Aare-Tessin Ltd. for Electricity Corporate Communications 


Aare-Tessin Ltd. for Electricity (Atel)
Aare-Tessin Ltd. for Electricity (Atel) is the leading production-based energy service provider in Switzerland and operates at a pan-European level. Founded in 1894, Atel focuses on the two core businesses of production-based Energy Trading and Energy Services. The group of companies, domiciled in Olten, employs a staff of around 8400 and generated a turnover of CHF 8.6 billion in 2005. Its main markets in the energy sector are Switzerland, Italy, Germany and the Central and Eastern European countries. Its goods and services range from portfolio management and group energy supplies, to energy derivatives and option contracts, to establishing distribution concepts involving other partners. Trading and sales are supported by a number of proprietary hydraulic and thermal power stations plus a broadly ramified transmission grid. With its Energy Services Division, Atel provides all technical services pertaining to energy (electricity, gas, oil and biomass) and its uses as power, lighting, cooling and heating, communication and security. Atel is among the leading providers of Energy Services in both Switzerland and Germany.