Clever Completes Acquisition of Tecnoenergy Service
Deal News | Apr 07, 2025 | Legal Community Italy
Clever Servizi Energetici, an Italian leader in residential energy efficiency, has completed the acquisition of Tecnoenergy Service, a thermal engineering firm operating in the Milan metropolitan area. Tecnoenergy was founded in 2003 by the Di Rizzo family, who will maintain a strategic role in the firm's future operations. This acquisition forms part of Clever's broader expansion strategy aimed at strengthening its leadership in the Italian market. To facilitate the acquisition, Clever was legally advised by Chiomenti, while the Di Rizzo family received representation from Simmons & Simmons. The completion of this acquisition marks another step in Clever's growth trajectory, with the company now managing over 4,200 residential buildings nationwide.
Sectors
- Energy Efficiency Services
- Engineering
- Legal Advisory
Geography
- Italy – The acquisition involves Italian companies and aims to strengthen Clever's presence in the Italian market.
- Milan – Tecnoenergy Service operates within the Milan metropolitan area, making it a focal point for the acquisition.
Industry
- Energy Efficiency Services – Clever Servizi Energetici operates in the energy efficiency sector, focusing on residential services across Italy, and Tecnoenergy Service provides thermal engineering services in this field.
- Engineering – Tecnoenergy Service specializes in thermal engineering, which plays a crucial role in their service offerings in the Milan metropolitan area.
- Legal Advisory – Chiomenti and Simmons & Simmons provided legal advisory services for the acquisition deal.
Financials
- 100% – Clever Servizi Energetici acquired 100% of Tecnoenergy Service's share capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Clever Servizi Energetici | Bidding Company | Company | A leader in the residential energy efficiency sector in Italy. |
| Tecnoenergy Service Srl | Target Company | Company | A company active in thermal engineering and maintenance services in Milan. |
| Di Rizzo Family | Selling Company | People | Founders of Tecnoenergy Service, retaining an active role post-acquisition. |
| Chiomenti | Legal Advisor for Clever | Company | Provided legal assistance to Clever during the acquisition process. |
| Simmons & Simmons | Legal Advisor for Di Rizzo Family | Company | Represented the Di Rizzo family in the acquisition process. |
| ZNRnotai | Notarial Services | Company | Handled notarial aspects of the deal. |