City Green Light has acquired Ceie Power's public lighting business, expanding its footprint in the Italian public lighting sector with 60,000 new lighting points across 35 municipalities.

Target Information

City Green Light has successfully completed the acquisition of the public lighting business from Ceie Power, enhancing its portfolio in the domain of public lighting, energy efficiency, and smart city services. The public lighting operations acquired include concessions related to 35 municipalities, covering approximately 60,000 lighting points primarily situated in the provinces of Teramo, Chieti, and L’Aquila. This strategic acquisition aligns with City Green Light's growth objectives in the public lighting sector, a core area of its business, solidifying its position as the largest independent operator in Italy.

Industry Overview in Italy

The public lighting sector in Italy has been undergoing a transformation due to advancements in energy efficiency and smart technology services. As municipalities seek to enhance their sustainability profiles and reduce energy consumption, the demand for innovative public lighting solutions is on the rise. The integration of smart technologies not only improves energy efficiency but also supports urban safety and enhances the quality of urban life.

Moreover, the European Union has set ambitious targets for energy reduction and carbon footprint minimization, leading to increased investments in public infrastructure projects. This push has prompted municipa