Capitium advised Brabant Water on the sale of its geothermal activities to Engie

Capitium advised Brabant Water on the sale of its geothermal subsidiary Hydreco Geomec to Engie in an all-cash transaction.

Engie will contribute its Dutch geothermal activities to Hydreco Geomec, thereby becoming market leader. Hydreco Geomec will continue to operate under its own name.

Engie’s press release (in Dutch) can be found here and an article in Dutch financial daily Het Financieele Dagblad can be found here (paywall).

Brabant Water supplies drinking water to 2.5 million people and companies in the Dutch province of Noord-Brabant. It employs 800 people.

Engie is a listed company employing 160,000 globally of which 6,000 are based in the Netherlands, generating EUR 60.6 bln of revenues (2018).