MUNICH: Mutares SE & Co. KGaA has completed the acquisition of Sirti Energia S.p.A as an add-on acquisition for EXI. The company will be rebranded in the next months.
Sirti Energia is headquartered in Milan and is one of Italy’s leading providers of construction and maintenance services in the energy infrastructure market.
The company is active in the renewable energy and E-Mobility sectors and also has a well-known brand and a solid customer base. Sirti Energia specializes in the design, construction and maintenance of underground and aerial power transmission and distribution grids and generates revenues of approx. EUR 60 million with around 400 employees throughout Italy.
Thanks to this acquisition, EXI develops its business in the energy infrastructure sector providing best of breed services for installation and maintenance.