Sector: Energy related equipment
AEN is a manufacturer of machinery for the energy sector (gas and steam turbines and generators) and a supplier of turnkey gas thermal power plants and maintenance services for the plants. AEN is also present in the Nuclear and Renewable energy sectors.
The added-value mechanical industry for the energy sector represents a sector in which Italy has a chain of companies that represent niche areas of excellence.
The market for the development and production of gas turbines is based on high-level technology, which only four countries in the world possess and which is held by just a few large multi-nationals (Siemens and Mitsubishi), along with AEN.
CDP Equity investment and objective
By means of the transaction involving Ansaldo Energia, CDP Equity aims to encourage the growth and technological innovation of a strategic company for the Italian economy.
CDP Equity’s priority is to find partners which make it possible to speed up the growth of Ansaldo Energia on international markets. In any event, CDP Equity will hold a stable minority investment in AEN, so as to exercise the governance rights functional to achieving its investment objectives.
Ansaldo Energia capital increase for 80 million euros, was completed in April 2018. The strengthening of the company’s balance sheet was financed by all the shareholders, according to their stake. CDP Equity invested 48 million euros.
Divestment and share sold by CDP Equity
Sale of 40% of Ansaldo Energia to Shanghai Electric Corporation.
Divestiture completed in December 2014.
Selling price of € 400 mln vs an acquisition price of € 311 mln.