Elevion Group Expands with Horti Padani Acquisition

Deal News | Apr 30, 2025 | Finance Community IT - 1 Corporate M&A

Elevion Group Expands with Horti Padani Acquisition

Elevion Group, a key player in providing end-to-end solutions for decarbonization and energy efficiency, has acquired the Horti Padani biogas plants in Cremona. These plants, along with others previously acquired in Italy, are set to be converted into advanced biomethane production facilities using agricultural mass. EY played a pivotal role in this acquisition by providing multidisciplinary advisory support, spearheaded by senior advisor Massimo Giaconia. The strategic move is part of Elevion Group's overarching plan to increase their portfolio in the region and enhance their biomethane production to 5,400 standard cubic meters per hour by 2026. The transaction was made with Piergiorgio Scarani, who will also join as a minority shareholder. This acquisition underscores the company's commitment to fostering a circular economy and industrial sector development by significantly reducing fossil gas emissions.

Sectors

  • Renewable Energy
  • Advisory Services

Geography

  • Italy – The acquisition and conversion of biogas plants take place in Cremona, Italy, where Elevion Group is already active.

Industry

  • Renewable Energy – The acquisition is focused on decarbonization efforts through biogas and biomethane production, which are key elements of the renewable energy industry.
  • Advisory Services – EY's involvement in providing business, financial, and fiscal due diligence highlights the role of advisory services in M&A transactions.

Financials

    Participants

    NameRoleTypeDescription
    Elevion GroupAcquirerCompanyElevion Group provides end-to-end solutions for decarbonization and energy efficiency.
    Horti PadaniTarget CompanyCompanyHorti Padani operates biogas plants in Cremona, Italy, which are set to be converted into biomethane production facilities.
    EYAdvisorCompanyEY provided business, financial, and legal due diligence services for Elevion Group in this transaction.
    Piergiorgio ScaraniSellerPersonPiergiorgio Scarani is an entrepreneur active in the agricultural sector and sold the biogas plants to Elevion Group, while also becoming a minority shareholder.