Stedin Group sells Joulz to 3i Infrastructure
ROTTERDAM, March 13, 2019 – Stedin Group and 3i Infrastructure have signed a provisional sales agreement regarding the acquisition of Joulz. The intention is that 3i Infrastructure will acquire ownership of Joulz in the second quarter of 2019. This transaction offers Joulz the reliability of a strong new owner and job security for the approximately 150 employees.
Emendo Capital acted as exclusive financial adviser to Stedin Group.
Joulz is a leading owner and provider of essential energy infrastructure equipment and services in the Netherlands. The company leases, operates and maintains c.4,000 medium voltage electricity installations, such as transformers, switchgear and cables, and c.50,000 electricity and gas meters. Joulz is a subsidiary of Stedin Groep, headquartered in Delft, and has more than 150 employees.
For additional information on Joulz, visit joulz.nl.
About Stedin Group
Working together towards a world full of new energy. This is the goal that the approximately 4,500 employees of Stedin Group are striving to achieve every day. We believe that it is our responsibility to ensure that all our customers have access to the sustainable energy they need to live, work and conduct business. Stedin Group is increasing the sustainability and maintaining the robustness and affordability of the energy system. This is achieved through the combined efforts of grid operators Stedin (provinces of Zuid-Holland and Utrecht) and Enduris (province of Zeeland) and the experts of infrastructure company DNWG Infra.
For additional information on Stedin Group, visit stedingroep.nl.
About 3i Infrastructure
3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, an approved UK Investment Trust (with effect from 15 October 2018), listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. It is a long-term investor in infrastructure businesses and assets. Its market focus is on economic infrastructure and greenfield projects in developed economies, principally in Europe, investing in operating businesses and projects which generate long-term yield and capital growth.
For additional information on 3i Infrastructure, visit 3i-infrastructure.com.