ERG, through its subsidiary ERG Renew,has today closed the transaction for the acquisition of a 100% stake in a company dedicated to the operation and maintenance of ERG Wind’s Italian wind farms.
The company will change its name to ERG Renew Operations & Maintenance and its registered office will be located in Genoa.
The price in terms of Enterprise Value amounts to around 10 million Euro. As a result of this transaction, which has been completed according to schedule, another 136 people, mostly technicians who are highly specialised in the maintenance and operation of wind farms, will join the ERG Group.
DLA Piper has acted as legal advisor in this transaction.