EQT and GETEC Energie Holding (GEH) are planning to sell their stakes in European sustainable-energy-service company, G+E GETEC Holding (GETEC), to Infrastructure Investments Fund (IIF), a vehicle advised by J.P. Morgan Investment Management.
Based in Magdeburg, Germany, GETEC offers tailor-made, efficient, and sustainable energy solutions to industrial and real estate companies. The company operates more than 11,500 energy-generation assets across nine European countries, with more than 5.2 gigawatts-thermal of cumulative installed capacity.
EQT acquired control of GETEC in 2017, and has supported GETEC through its expansion from a German company into a pan-European market leader through six large-scale M&A bolt-ons, which established a strong foothold in Switzerland, Italy and the Netherlands.
“Through the cooperation with EQT Infrastructure and GEH, GETEC has taken a huge step towards becoming Europe's leading provider of decentralized energy services,â
