ENGIE’s Acquisition of Electro Power Systems


Goodwin advised ENGIE on taking a majority stake in Electro Power Systems (EPS), a technological pioneer in energy storage systems and micro grids.

The transaction is executed at €9,5 per share and will be completed in the first quarter of 2018, subject to the lifting of the standard conditions precedents. This will be followed by the filing of a simplified mandatory tender offer at a unit price of €9,5 subject to a statement of compliance from the Autorité des Marchés Financiers (AMF) and the work of the independent expert to be appointed by EPS pursuant to article 261-1 I of the AMF General Regulations. ENGIE intends to maintain the listing of EPS shares at the end of the offer.

Headquartered in Paris, EPS has a team of about 90 employees working in its research & development centre and industrial facilities located in Italy. Thanks to technology covered by 125 patents and applications, combined with more than 10 years of R&D within the Polytechnic of Turin and Milan, the company has implemented 36 projects in 21 countries, including off-grid hybrid systems and microgrids powered by renewables and energy storage with a total capacity of 47MWh.

ENGIE, headquartered in Paris, is one of the largest global utilities with 150,000 employees worldwide and revenues of €66.6 billion in 2016.

The Goodwin team was led by partner Christophe Digoy (Picture) and included associates Edouard Baladès and Sarah Paquay.

Involved fees earner: Christophe Digoy – Goodwin Procter; Édouard Baladès – Goodwin Procter; Sarah Paquay – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: ENGIE SA;