EnergyWatch

A part of Watch Media

DLG boosts German energy business with acquisitions

Team AG, subsidiary of farm supply company DLG, has expanded its business in Northern Germany with the acquisition of two entities, which promise to increase revenue by more than DKK 1 billion.

BY

Danish farm supply company DLG Group has expanded on the German market with two acquisitions carried out via subsidiary Team AG.

This concerns oil businesses Egon Von Haw and Carl Harms Mineralöle. Team AG, which is among among Germany's five largest energy distributors and which in 2016 logged revenue of DKK 11.4 billion (EUR 153 million), will see its revenue increase by DKK 1 billion as a result of the acquisitions, according to a press release.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

WindEurope warns against negative auction bids

Foto: Siemens Gamesa/Paul-Langrock.de Agentur Zenit +49 172 3120 333 foto@paul-langrock.de

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

BW Offshore halved bottom line in Q1

Foto: Ideol

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Equinor exits Russia

Foto: INTS KALNINS/REUTERS / X02120

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

Further reading

Related articles

Latest News

  1. New project aims to increase number of women in offshore wind sector
  2. WindEurope warns against negative auction bids
  3. BW Offshore halved bottom line in Q1
  4. Statkraft and Freyr ink binding agreement
  5. Valaris appoints new executives
  6. H2 Energy calls for political courage, high carbon levy
  7. Better Energy enters 1GW Finnish collaboration
  8. Equinor exits Russia
  9. Ørsted aims to be number one on carbon capture
  10. H2 Energy calls for faster offshore wind tender to accelerate PtX efforts
  11. Glencore pleads guilty to decade of bribery and manipulation
  12. Frontline CEO: Russian oil flows quite freely on the market
  13. Statnett warns of potential strained power situation in Norway
  14. Exxon faces lawsuit on climate crime
  15. The new Seadrill reports operating profit following long restructure
  16. Stellantis and Samsung to build battery plant
  17. Expectations of further supply pressure send oil prices up
  18. Nordex downgrades forecast
  19. EDPR and Lhyfe band together on hydrogen projects
  20. Vattenfall inaugurates largest onshore wind farm in Europe

See all

Job

See all jobs

See all jobs