Horizon Equity Partners has invested in Energie Est, Lda., a leading Portuguese company in sustainable heating solutions, to support its growth and innovation in the renewable energy sector.

Target Company Overview

Horizon Equity Partners has announced its investment in Energie Est, Lda., marking the fourth investment of Horizon Growth Fund I. Based in Portugal, Energie Est is a prominent player in the sustainable heating solutions sector, boasting over 40 years of industry experience. The company has successfully established a strong foothold in more than 30 countries and is recognized for its commitment to innovation and sustainable practices.

Energie Est specializes in a range of high-efficiency technologies designed to facilitate the decarbonization of heating systems across Europe. Its primary offerings include aerothermal heat pumps branded as AQUAPURA, thermodynamic solar systems under the ECO and Solar Block brands, geothermal heat pumps, and thermal accumulators. In 2024, Energie reported a turnover of €14.2 million with an adjusted EBITDA of €3.6 million, employing a dedicated team of 59 at its 6,000 m² facility located in Laundos, Póvoa de Varzim.

Industry Overview in Portugal

The sustainable energy sector in Portugal has been experiencing robust growth, driven by a national focus on renewable energy and a commitment to reducing carbon emissions. As a member of the European Union, Portugal is subject to strict regulations aimed at