Baker Tilly Corporate Finance - DVEP Investments B.V.

Description

Baker Tilly Corporate Finance assists Majoto Holding B.V. with the sale of all shares in DVEP Investments B.V. to UGI Corporation.

American UGI Corporation has acquired Dutch energy company DVEP Energie B.V. effective August 31, 2017. DVEP Energie has been a stable energy service provider in the business market for 14 years and during this time has grown to an organization with more than 70 employees. With the acquisition, UGI is further expanding its position within the energy industry.

Roger Perreault, President of UGI International, commented, "DVEP Energie is a major player in the business market in the Netherlands. The business has extensive expertise in the European energy market, has shown impressive growth within a short period of time, and will significantly enhance UGI's ability to serve the energy needs of customers throughout the Netherlands and eventually elsewhere in Europe."

About DVEP Energie
DVEP Energie is a Dutch energy services provider and market leader in energy supply to schools and municipalities. The business also focuses on energy supply and feed-in to the business market through wind turbines, solar panels and other generation. In the past year, it posted an operating profit of €4.5 million on revenue of €141 million.

About UGI Corporation
UGI is a global distributor and provider of energy products and services with more than 13,000 employees worldwide. Through various subsidiaries, UGI operates natural gas and electricity utilities, provides energy services in the United States, distributes propane gas and LPG both domestically and internationally, and manages various midstream energy and generation assets.