Teike Acquires X3 Solution's Public Lighting Unit
Deal News | Feb 25, 2025 | Legal Community Italy
Teike, a company providing energy efficiency services in northern Italy for public administration, has entered a binding agreement to acquire the public lighting business unit of X3 Solution. This acquisition is part of Teike's strategy to expand its operations across Italy and into additional markets within the energy efficiency sector. Teike was represented by the international law firm Gianni & Origoni, with a team led by partner Fabio Ilacqua. The administrative law aspects were handled by a team including partner Fabio Baglivo. On the other hand, legal guidance for X3 Solution was provided by Giliberti Triscornia e Associati, with partner Carmine Oncia leading their team.
Sectors
- Energy Efficiency
- Public Lighting
- Legal Advisory
Geography
- Italy – Teike is based in northern Italy and is acquiring an Italian company's division, indicating the geographical focus.
Industry
- Energy Efficiency – Teike is involved in providing energy efficiency services which signifies its role in this industry.
- Public Lighting – The acquisition involves the public lighting business unit, which is a part of infrastructure and utilities.
- Legal Advisory – Multiple law firms participated, providing critical legal counsel for the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Teike | Bidding Company/Acquirer | Company | Teike offers energy efficiency services for public administration in northern Italy. |
| X3 Solution | Selling Company | Company | X3 Solution owns the public lighting division being acquired by Teike. |
| Gianni & Origoni | Legal Advisor to Teike | Company | An international law firm that represented Teike during the acquisition. |
| Giliberti Triscornia e Associati | Legal Advisor to X3 Solution | Company | A law firm that represented X3 Solution in the transaction. |