Consorzio Assoutility has sold Axopower’s shares to Ambrosiana Energia, a company participated by Ambrogest and the three managers of Axopower.

Axopower is a wholesaler of electricity and natural gas and had a turnover in 2012 of about Euro 300 million. The entry of the managers in the capital and their continuous presence in the Board with the same roles as of today, will grant a boost for growth and to the precious technical and legal support to its customers. The new ownership will dedicate, in particular, to all the technologies of energy self-production that can be installed at the customers’ plants with a strong benefit in cost reduction.

Consorzio Assoutility has been advised by K Finance, partner of Clairfield International, and by the law firm Studio Lanza. The managers have been advised by the law firm Studio NCTM.

Axopower Srl is a company founded in 2010, with headquarters in Milan. It was born from the experience of the founding partners, who have been in the energy sector for more than 20 years with a focus on the construction and management of photovoltaic and cogeneration plants connected to production cycles that self-consume the energy produced.