Wolftank-Adisa Holding AG, based in Innsbruck, announces the successful acquisition of 50% of the Italian Mares Srl. The remaining 50% of Mares Srl is owned by Kuwait Petroleum Italia S.p.A., one of the main players in the energy sector operating in the field of fuel distribution and sustainable mobility, known under the European brand “Q8”, so that Mares Srl will in future be managed as a joint venture.
The parties have agreed not to disclose the purchase price. Mares Srl produced a profitable turnover of 20 M€ in the last fiscal year, focussing on construction works and services around traditional gas stations, including turnkey environmental services and large remediation projects.
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Mares Srl is expected to grow significantly by leveraging the Wolftank Group’s key competencies in cryo-fuels (LNG-) and high-pressure (hydrogen-) refuelling equipment, and the revenues will be fully consolidated into the Wolftank Group. With this joint approach, Mares Srl and the Wolftank Group will become one of the largest providers of environmental services and soil remediation in Italy, and are excellently positioned for further expansion.
Wolftank-Adisa Holding AG is the parent company of an international group of companies focusing on the turnkey construction of modular hydrogen and LNG refuelling facilities, environmental protection services for polluted soils, facilities and waters, refurbishment and monitoring of (large) tank facilities as well as full-service engineering services for fuel supply facilities. The company is active worldwide and has various patented application technologies.