InfraVia has announced InfraVia European Fund IV’s acquisition of Molgas Energy Holding – a leading European small scale LNG infrastructure platform. With the support of its new shareholder, Molgas ambitions to accelerate the roll-out of its energy transition solutions towards new markets.
Molgas is a small scale LNG platform with a 20+ year track record. Molgas provides integrated LNG infrastructure solutions to more than 100 off-grid industrial customers; owns and operates LNG filling stations for heavy-duty trucks; and provides bunkering infrastructure and services to shipping companies. The company has been a pioneer in the LNG sector and holds leading market positions in Spain, France, and Portugal. Molgas’ strategy is to grow the platform in Iberia and beyond, leveraging LNG long-term cost advantage and environmental benefits.
Vincent Levita, CEO of InfraVia, said: “Molgas has developed a robust, distributed infrastructure ecosystem allowing customers to achieve cost savings and environmental benefits with technically and economically mature solutions. It is a fantastic company with strong experience, team, culture, and track-record. Use of LNG by off-grid customers is mature in Spain and Portugal but only emerging in the rest of Europe. We look forward to working as a long-term partner with the Molgas team to develop the company across Europe.”
Commenting on the transaction the CEO of Molgas Energy Holding, Fernando Sarasola, said: “Molgas offers its clients comprehensive solutions facilitating the adoption of Natural Gas as an inexpensive, clean and sustainable source of energy. Created in Spain over 20 years ago, the company has successfully expanded outside its Spanish core market while developing new business lines (retail stations, bunkering). We are looking forward to working with InfraVia to support the next phase of our development, continue serving our customers with sustainable and value-added infrastructure solutions and contribute to the transition away from oil.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/29072020/infravia-capital-partners-acquires-molgas/