Information on the target
Alperia, a leading multi-utility company based in Bolzano, has acquired the 50% stake in Neogy previously held by Dolomiti Energia, thereby becoming the sole owner of the electric vehicle charging operator. This transaction, finalized at the end of September 2026, values the stake between €8 million and €12 million. Neogy was established in 2019 as a joint venture between Alperia and Dolomiti Energia, evolving from the rebranding of Alperia Smart Mobility. The company operates a national network of public, commercial, and residential charging stations powered by renewable hydroelectric energy produced by both parent companies.
With reported revenues of approximately €8 million, Neogy is still in a development phase, reflected in its slightly negative EBITDA. The sale follows a reorganization agreement for electric mobility activities signed by both shareholders in March 2025, which was partially revised in May of the same year. With this transfer of ownership, Dolomiti Energia's special governance rights will cease, allowing for a more streamlined integration of Neogy's brand and operations into Alperia's broader energy services platform.
Industry overview in the target’s specific country
The Multiline Utilities industry in Italy is characterized by a diverse range of services, including electricity, gas, and water supply, alongside emerging sectors such as electric vehicle charging infrastructure. The Italian government has been actively promoting the transition to renewable energy sources, aligning with the European Union's broader sustainability goals. This has led to significant investments in renewable energy projects, particularly in hydroelectric and solar power, which are crucial for the country's energy mix.
In recent years, the demand for electric vehicle charging stations has surged, driven by increased consumer interest in electric mobility and supportive government policies. Italy's commitment to reducing carbon emissions has spurred the growth of companies like Neogy, which focus on providing accessible and sustainable charging solutions. The integration of electric vehicle charging into existing utility services represents a strategic opportunity for multiline utilities to enhance their service offerings and customer engagement.
Furthermore, the competitive landscape in the Multiline Utilities sector is evolving, with traditional utility companies increasingly diversifying their portfolios to include innovative energy solutions. This shift is not only a response to regulatory pressures but also a proactive approach to meet changing consumer preferences. As electric mobility continues to gain traction, utilities that successfully adapt to these trends are likely to capture significant market share and drive future growth.
Overall, the Multiline Utilities industry in Italy is positioned for robust growth, fueled by technological advancements, regulatory support, and a g…