Arca Capital Finance Group acquires VNG Slovakia

16. December 2019
VNG Slovakia, spol. s r.o.
Company also to supply district heat to the city of Nitra in future

Arca Capital Finance Group has acquired VNG Slovakia, spol. s r.o. with headquarters in the Slovak capital Bratislava. The investment group, which is mainly active in the field of venture capital in central and Eastern Europe, has acquired all the shares in the former subsidiary of VNG Handel & Vertrieb GmbH, a gas merchant company and service provider forming part of the VNG Group, with headquarters in Leipzig, Germany. The name of the company which has been acquired has been changed to ACS plyn s.r.o. with immediate effect. Together with the municipal administration, this company operates the district heat supplier Nitrianska teplárenská spoločnosť, a.s. (NTS a.s.). In connection with the acquisition, Arca Capital will also act as district heat supplier in Nitra in the future. The parties have agreed to keep the conditions of the transaction confidential.

“Following our latest acquisitions in the district heating field, we have become one of the five largest companies in Slovakia in this sector,” says Rastislav Velič, CEO of Arca Capital.

“We can look back on many years of very successful activities in Slovakia. However, for strategic reasons, we intend to concentrate on business activities in our core markets in the future and to intensify the further development of new business areas and future-oriented technologies. This is in line with the Group strategy “VNG 2030+” and the associated transformation of our portfolio, said Konstantin von Oldenburg, Managing Director of VNG Handel & Vertrieb GmbH. “Following intensive deliberations and very good discussions with Arca Capital, we therefore took the decision to dispose of our business in Slovakia. We know that the business will be in very good hands with Arca Capital as this is a modern company with considerable expertise in the Slovak market and will offer good prospects for the employees of the companies concerned.“

After Topoľčany, Handlové and Bardejov, Nitra will be the fourth city to be supplied with district heat by Arca Capital. The transaction was handled by the subsidiary ACS teplo j.s.a. In connection with the acquisition, VNG Slovakia, spol. s r.o. Is being renamed ACS Plyn s.r.o; the new company holds 49% of the shares in Nitrianska teplárenská spoločnost a.s.

Through the acquisition of VNG Slovakia, spol. s r.o. (now trading as ACS plyn s.r.o.), Arca Capital Group has added a district heat wholesaler to its portfolio. Planned sales amount to more than 500,000 MWh. “The major customers include companies in the Arca Capital Group,” says Rastislav Velič, emphasising the synergy effects within the group.

In the area of district heat sales, companies active in the Slovak market include both state-owned organisations and other international groups which operate cogeneration plants throughout the country (such as VEOLIA, STEFE, ENGIE, ČEZ). ACS Teplo j.s.a has now become another key player in this sector.

Via its companies, ACS teplo j.s.a., part of the Arca Capital Group, sells a total 292,000 MWh of district heat per year to more than 50,000 households in the cities of Topoľčany, Bardejov, Handlová and Nitra. The company operates more than 900 delivery stations and over 125 km of district heat lines.

Nitrianska teplárenská spoločnosť, a.s. supplies more than 20,000 households with district heat, operating 62 km of district heat lines and 588 delivery stations. Annual district heat sales amount to about 142,000 MWh.

VNG Slovakia, renamed ACS plyn s.r.o. following the transaction, formed part of the German VNG Group, with headquarters in Leipzig. More precisely, the company was a subsidiary of VNG Handel & Vertrieb GmbH. VNG Slovakia is active as a wholesaler in the Slovak market.

VNG Handel & Vertrieb GmbH originated from VNG AG and ensures reliable, flexible supplies of natural gas to trading companies, resellers, municipal utilities and major customers in Germany and other countries. With innovative products, services and concepts for environmentally compatible energy supplies, it offers customers comprehensive support for the implementation of the energy transition. As a natural gas merchant company and energy service provider with over 60 years of experience, VNG Handel & Vertrieb GmbH has regional roots and international positioning. Further information is available at www.vng-handel.de.

 

Press contacts:

ARCA Capital
Terézia Barčíková
Phone: +421 944 944 997
barcikova@arcacapital.com

VNG Handel & Vertrieb GmbH
Dr. Stephan Krein
Phone: +49 341 443 2944
Stephan.Krein@vng-handel.de