Duna Aszfalt Zrt. entered into conditional agreement to acquire Mota-Engil Central Europe S.A. from Mota-Engil, SGPS, S.A..
December 18, 2023
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Duna Aszfalt Zrt. entered into conditional agreement to acquire Mota-Engil Central Europe S.A. from Mota-Engil, SGPS, S.A. (ENXTLS:EGL) on December 15, 2023. The transaction will be carried out for an enterprise value of around ?90 million.
The group of companies involved in PPP projects (MECE will remain their General Contractor), as well as ME Renewing and ME Ativ, will remain within the Mota-Engil group. The final sales agreement is likely to be signed in the second quarter of 2024. The acquisition of the company requires the permission of the competent Polish authorities and certain financing institutions, which the parties plan to obtain in the first half of 2024.
Mota-Engil, SGPS, S.A. is a group organized around 6 sectors of activity:
- Engineering and Construction: Mota-Engil, SGPS, S.A. has developed construction projects in some fifty countries and is present on three continents (Europe, Africa and Latin America) where it has asserted its technical competence and reputation, excelling in the construction of various infrastructures such as roads, freeways, airports, ports, dams and railroads ;
- Industrial Engineering Services: the group has capitalized on its recognized presence and experience since 1998, with a proven ability to operate in numerous markets, reflected in medium-term contracts of between three and eight years;
- Environment: Mota-Engil, SGPS, S.A. began its activities in the environmental sector in Portugal in 1995, through the company SUMA in the urban waste management and collection segment, and added its skills to those of the company EGF, a leader in waste treatment and recovery. Internationally, Mota-Engil is increasingly developing its activities in this sector, in markets such as Angola, Mozambique, Cape Verde, Brazil, Oman and Côte d'Ivoire;
- Mota-Engil Capital: a business unit whose aim is to optimize value creation for the group through investment diversification, underpinned by integrated management of a range of assets and projects complementary to the Engineering, Construction and Environment segments.
- Mota-Engil Mext: unit responsible for differentiated areas such as Real Estate, Agroforestry Production and Energy. It also aims to strengthen investment in innovation and accelerate global transformation;
- Concessions: Mota-Engil, SGPS, S.A. operates, through Lineas and its subsidiaries, a network of some 2,500 km of roads and freeways, including the two bridges of the city of Lisbon. The business extends to international markets, mainly in Latin America.