Energy SpA — M&A Activity 2023

Jun 28, 2023

Informazione Regolamentata n. 20263-40-2023		Data/Ora Inizio Diffusione 28 Giugno 2023 08:03:52	Euronext Growth Milan
Societa'	:	ENERGY S.p.A.
Identificativo Informazione Regolamentata	:	178724
Nome utilizzatore	:	ENERGYN01 - Tinazzi
Tipologia	:	REGEM
Data/Ora Ricezione	:	28 Giugno 2023 08:03:46
Data/Ora Inizio Diffusione	:	28 Giugno 2023 08:03:52
Oggetto	:	ENERGY S.P.A. SIGNS AGREEMENT FOR ACQUISITION OF CLOUD COMPUTING SRL
Testo del comunicato

Vedi allegato.

PRESS RELEASE – ENERGY S.P.A.

ENERGY S.P.A. SIGNS AGREEMENT FOR ACQUISITION OF CLOUD COMPUTING SRL

Sant'Angelo di Piove di Sacco (PD), June 28th, 2023 – Energy S.p.A. – (ISIN Code IT0005500712, Ticker ENY), "Energy", an integrated energy storage systems producer and listed on the Euronext Growth Milan market, announces the signing in the date of June 27th 2023 of a preliminary agreement for the acquisition of the Cloud Computing S.r.l.'s line of business, a company headquartered in Trento, engaged since 2016 the development of software with IoT applications.

In line with the growth strategy announced on listing, the acquisition seeks to integrate into the Energy Group the know-how regarding the remote control and management of energy production, storage and consumption systems, with the goal of making Energy's product software management more efficient and of controlling the strategic stages of the value chain in an integrated manner.

The transaction will take place through the newly formed EnergyInCloud S.r.l., an innovative start-up of which Energy will hold 73%, while the remaining 27% will be held by the current shareholders of Cloud Computing S.r.l..

EnergyInCloud S.r.l. will work within the Group for Energy's project developments, as well as for third-party clients. The Board of Directors of EnergyInCloud S.r.l. will consist of three members, two of whom will be nominated by Energy S.p.A. and one of whom will be nominated by Cloud Computing S.r.l.. The transaction is expected to close by July 2023.

This press release is available on Energy S.p.A.'s website at www.energysynt.com, Investor Relations/Press Releases section and on .

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Energy S.p.A, founded in 2013 by Davide Tinazzi, Andrea Taffurelli and Massimiliano Ghirlanda and listed since August 1, 2022 on the Euronext Growth Milan market of the Italian Stock Exchange, is headquartered in the province of Padua (Italy) and is an energy storage systems for both residential and large-scale applications sector leader. Our systems allow energy to be stored and released according to customers' energy needs. Energy has to date sold and installed more than 53,000 systems across the country, with a focus on the residential, commercial, industrial, Utilities and electric mobility markets. The biggest projects executed include the large-scale plant in Comiso (Sicily), consisting of an agrivoltaic plant and a photovoltaic field, the large-scale plant at the CAAB Centre in Bologna, the Smart Grids at numerous municipalities in Sardinia and Lombardy and a Condominium Energy Community in Switzerland where individual hubs exchange energy as needed. Energy's sales channels include both general electrical distributors and PV specialists, while the company also works with large European EPCs. The proximity of Energy's logistics to the headquarters of major distributors has allowed the company to establish strong partnerships with the Italian and European market players. The company purchases components from major international suppliers and combines them with its "Zero Co2" proprietary software to build EU standard compliant systems. Sales revenues of Euro 126.5 million are reported for 2022. www.energysynt.com

Contacts:

Energy S.p.A. STIFEL EUROPE BANK AG TWIN Srl Tel. +39 049 2701296 Tel. +39 02 85465774 Mara Di Giorgio info@energysynt.com SEBA.Milan.ECM@stifel.com Tel. +39 335 7737417

Company Euronext Growth Advisor IR Advisor | Corporate Media Relations

mara@twin.services

Daniele Quarello Tel. +39 347 9282119 daniele@twin.services