Innova and EBRD invest in EnergoBit

Innova took a 52.8% controlling stake in the company. Energy is one of the core sectors in Innova's investment strategy; the firm intends to leverage Romania's need for modernising its transmission and distribution networks, as well as renewable energy.

The funding will support the development of EnergoBit's products and services, especially surrounding the power distribution grid. The company will also grow its production and supply of electrical equipment, as well as its ESCo services.

Company
EnergoBit Group is a Romanian electrical engineering group focused on the provision of services and products for low, medium and high voltage electrical networks.

The group runs 11 companies with core competences in design, engineering, turnkey projects and maintenance services. It also owns two production facilities.

EnergoBit was founded in 1990 and is headquartered in Cluj. The company employs 850 people.

People
Managing partner Andrzej Bartos worked on the deal for Innova.

Advisers
Equity – Clifford Chance (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• CEE
• Buyouts
• Industrials
• Clifford Chance
• Romania
• EBRD
• Innova Capital