Deal of the year – 2019 energynomics Awards nominations


We continue to present the 2019 nominations for the Awards, with the Deal of the year category. Only one of the projects below will be rewarded during the Gala from December 4th, but every company and everyone involved in these projects deserve our respect and the widest promotion. We thank all the companies and personalities involved in this effort to draw the image of the Romanian energy industry in 2019 through its achievements!

AIK Energy takes over Valahia Gaz

AIK Energy, a company registered in London, takes over Valahia Gaz, a company that recently ranked among the leaders of gas imports from Romania. The transaction increases AIK Energy’s spectacular footprint in the Romanian gas market, also taking into account the fact that the two entities dominated the natural gas supply segment in 2019, except for the producers.

AIK Energy LTD carries out activities such as: natural gas extraction, wholesale electricity, natural gas wholesale, wholesale of crude oil and petroleum products. In Romania, the activity of AIK has been carried out since 2017, through a secondary office – AIK Energy LTD – the Bucharest branch, whose main activity is the commercialization of gaseous fuels through pipes.

Valahia Gaz presents itself on its own site as a cross-border gas trading company, with complex activity in Romania, Austria and Hungary, including member, as a virtual trader, of the central-European hub in Baumgarten, Austria, one of the most important in the EU. Valahia Gaz SRL has as main activity object the commercialization of gas fuels through pipes.

CEE Equity Partners took over the majority stake in Flash Lighting Services

CEE Equity Partners has taken over the majority of Flash Lighting Services, one of the most important local companies in the market of public lighting and lighting solutions.

This is one of the most important transactions in the local lighting market and one of the most important perfected in Romania by the investment fund CEE Equity Partners, a private equity manager with a focus on Central and Eastern Europe. CEE Equity Partners closed its first acquisition on the Romanian market, after a period in which it scanned several investment targets. “The fund bought a majority stake through a partial buy-out of existing shareholders and will provide additional capital to support future growth,” said representatives of CEE Equity Partners.

Flash Lighting Services intends to expand its footprint in the field of lighting in Romanian municipalities and to increase the turnover in the field of energy efficiency with commercial customers.

Ingka Group has taken over 80% of the seven wind farms from Vestas

Through its investment division, IRI Investments, Ingka Group bought 80% of Vestas Wind System’s stake in its Romanian subsidiaries, which own the wind farms Pantelimon, Pegasus and Apollo. The transaction was signed in August 2019 for a price of 136 million euros and was completed on 21 October 2019.

The transaction marks the entry of Ingka Group (which owns IKEA stores), on the renewable energy market in Romania, in partnership with Vestas. “This is one of the transactions in the field of renewable energy that will remain in history in terms of its value and complexity, as well as the overall size of the parties involved,” said one of the team members involved in the transaction.


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