PitPoint acquires CNG stations from Gazu in Germany


Transaction summary

HAMBURG, August 31, 2016 – PitPoint’s public CNG refueling infrastructure in Germany will expand from 13 to 27 stations as of September 2017, following a take-over agreement with GAZU signed on the 31st of August. The deal effectively doubles the network of CNG stations owned by PitPoint Germany, which is headquartered in Hamburg.

Official press release: PitPoint

Emendo Capital acted as exclusive financial adviser to PitPoint.

About PitPoint

PitPoint is an independent market leading provider of alternative fuels in The Netherlands, Belgium and Germany. It provides clean fuel solutions, being CNG (including greengas), LNG, hydrogen (H2) and electricity to its customers in road and marine transport. PitPoint has the mission to actively support the use of clean fuels towards clean transport in 2030.

For additional information on PitPoint, visit pitpoint.nl.

About Bencis

Bencis Capital Partners is an independent private equity firm in the Netherlands and Belgium. It is specialised in management buy-outs of medium sized companies in the Benelux countries. Bencis targets mature and internationally active companies in various industries. In doing so, it supports management teams in realising their growth ambitions.

For additional information on Bencis, visit bencis.com.

About Gazu

Founded in 2011, Gazu GmbH currently operates 48 CNG filling stations in Germany and is thus one of the leading suppliers of gas filling stations in Germany alongside Gazprom and E.ON. Strengthening biomethane as fuel in Germany and Europe is a major concern for Gazu. As a result, Gazu is constantly buying additional sites. Gazu’s petrol stations strive to meet the latest technological standards, which is why Gazu GmbH has decided to start a trade with used stations and CNG spare parts.

For additional information on Gazu, visit gazu-trading.com.

Emendo Capital