Edenred SE acquired Energy Cards Business from italiana petroli S.p.A.
Edenred SE (ENXTPA:EDEN) signed a partnership to acquire Energy Cards Business from italiana petroli S.p.A. on March 26, 2024. The scope of the transaction also includes a long-term agreement with IP regarding the supply of fuel products. The transaction will be paid fully in cash and will be accretive to Edenred net profit, Group share from year one. The closing of the deal is subject to approval from the competent authorities and is expected to be finalized in Q3 2024.
In 2023, the IP energy card business generated revenues exceeding ?30 million.
Edenred SE (ENXTPA:EDEN) completed the acquisition of Energy Cards Business from italiana petroli S.p.A. on December 2, 2024. Starting December 2, 2024, IP's energy cards business will be entirely integrated into Edenred's financial statements.