Cube Infrastructure Managers has acquired MVV Energie CZ, an operator of district heating networks in Czech Republic, through its Cube Infrastructure Fund III.
Cube Infrastructure Managers has acquired MVV Energie CZ, an operator of district heating networks in Czech Republic, through its Cube Infrastructure Fund III.
The company provides services to customers in 15 cities and is among the leading producers and distributors of heat in Czech Republic.
MVV Energie CZ is also engaged in high-performance electricity generation, waste-to-energy production, energy consulting, water management and the provision of electronic communications services. It offers its nearly 500 employees stable employment in the regions where it operates. In 2021, the Company sold 690 GWh of heat and 170 GWh of electricity, and generated 78 million euros in revenue.
The new ownership will not mean any significant changes in the structure and functioning of the company, and the team, including its management team, remains unchanged.
