GETEC, a German-based full-service provider of infrastructure energy systems, acquires German Pellets Wärme, a full-service provider of wood pellet energy systems.
About the Target – German Pellets Wärme
German Pellets Wärme GmbH (“German Pellets Wärme”) offered complete heating packages. As a contractor, German Pellets Wärme planned, built and financed all measures required for the conversion, installation or construction of wood pellet energy systems.
About the Seller – White & Case
White & Case LLP (“White & Case”) is a well-established global law firm specializing in acting as insolvency practitioners in complex and high-value insolvency cases. The firm’s approach is to work closely with companies, creditors and other stakeholders to manage and resolve financially distressed situations. White & Case’s insolvency practice draws on its in-depth knowledge of corporate finance, restructuring and insolvency law to provide clients with tailored advice. The firm’s lawyers have extensive experience in all facets of insolvency administration, including negotiating with creditors, facilitating asset sales and developing effective restructuring plans.
About the Buyer – GETEC
GETEC WÄRME & EFFIZIENZ AG (“GETEC”), established in December 2013 as a subsidiary of GETEC GROUP, is a renowned provider focused on the B2B energy supply and heating sector. Its expertise lies in providing comprehensive support to customers in the housing industry, public institutions, hospitals and hotels, assisting them in the planning, construction, financing and operation of energy systems for their new projects.