Home Economy Mytilineos acquired 100% of Unison for 26 million euros

Mytilineos acquired 100% of Unison for 26 million euros

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Mytilineos acquired 100% of Unison for 26 million euros

Mytilineos is rapidly evolving into a modern utility provider. Using Unison as a vehicle and taking advantage of synergies with its subsidiaries Protergia and Watt & Volt, the company is entering the Facility Management market, i.e. building management, a sector with an annual turnover of more than 1 billion euros and great growth prospects. , as in Greece, there is now an emphasis on sustainable building retrofits. Yesterday Mytilineos announced the acquisition of a 100% equity interest in Unison, the largest facility management company, which will now become its subsidiary, administratively subordinated to the energy sector. The acquisition of Unison accelerates the creation of a unique platform through which Mytilineos will offer a portfolio of products and services, focusing on the supply of electricity and natural gas, expanding into new activities close to the energy spectrum, as well as the provision of services. and solutions that enhance customer relationships and maximize benefits. In this context, and through Unison, the company will offer services and solutions such as Facility Management, which now concerns general facility management. The range of client properties that Unison serves today, as outlined in the related announcement, creates significant cross-selling opportunities for Mytilineos products and services, as well as synergies with the company’s broader activities, which include, among other things, the operation and management of construction sites (for example , PPP construction), street lighting projects, equipment maintenance (operation and maintenance services), etc. The common axes in the entire product and service line are technology and coverage of the full range of needs and requirements of the modern consumer at home or in business.

The Group enters the real estate management market.

The provision of integrated services is a new model for electricity and natural gas providers at the international level. Using digital technologies, energy suppliers can offer their customers a wide range of products and services that complement the supply and natural gas, and develop a personalized approach. Mytilineos has already added services such as energy efficiency, smart energy saving services, and has also expanded into digital products, services for connecting devices to the Internet without human intervention (Internet of Things – IoT), as well as management, maintenance and energy services, building modernization and others. objects. With the acquisition of Unison, it is accelerating its transformation into a long-term energy solutions and services partner for its customers.

The total value of the transaction is 26 million euros, of which 10 million euros will be paid in Mytilineos shares, which will be derived from the company’s own shares. Unison is one of the largest management companies. In 2022, the company’s turnover was 76.8 million and EBITDA was 5.3 million euros. His clientele includes some of the biggest groups in Greece such as Viohalco, Sklavenitis, OTE, DELTA, Athens Brewery, Hygeia group, Metropolitan, Eurobank, PwC, Astir Palace, UK etc.

Author: Chris Liangou

Source: Kathimerini

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