Falck Renewables completes the acquisition of 60% of SAET Padua
Falck Renewables S.p.A. has completed the acquisition of 60% of the shares of SAET S.p.A., the Padua-based leader in the design and construction of high voltage electrical systems and construction of energy storage systems.
The agreed price of approximately EUR5.5 million (US$6.60 million) will be financed entirely from Falck Renewables’ own resources and will be subject to the usual adjustment mechanisms.
The structure of the transaction also involves the possibility of acquiring the remaining 40% of SAET within four years.
Country updates
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July 08, 2021
Falck Renewables buys majority share of SAET Padua
Falck Renewables S.p.A. has signed an agreement for the acquisition of 60% of the shares of SAET S.p.A., the Padua-based leader in the design and construction of high voltage electrical systems and co...
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