EQT Partners is in the final stage to buy Bosch Energy and Building Solutions Italy srl, the energy service provider controlled by Robert Bosch spa, in turn part of the Bosch group, Unquote writes.
The company offers a diversified range of services that allow to reduce energy costs, increasing security of supply. More specifically, the company operates as a certified ESCo (Energy Service Company), designing, building and managing integrated and energy-efficient systems.
Bosch has often had to deal with private equity funds as counterparties to m&a operations. As regards Italy, for example, the German fund Stargate Capital, through its portfolio companny Werther International, in 2018 bought Bosch’s subsidiary Sicam (based in Correggio, in the province of Reggio Emilia), in an operation that contextually concerned also the purchase of Bosch’s German subsidiary Beissbarth GmbH (based in Munich) and all their 330 employees (see here a previous article by BeBeez). Beissbarth supplies its precision tools to car manufacturers and workshops around the world, while Sicam is one of the largest manufacturers of equipment for tire and workshop shops.