Plenitude Closes €500 Million Acquisition of Acea Energia From ACEA

ACEA SPA ( (IT:ACE) ) has shared an announcement.

Plenitude, the integrated energy company active in over 15 countries with 5.8 GW of renewable capacity, 11 million customers and an extensive EV charging network, has completed the acquisition of 100% of Acea Energia and 50% of Umbria Energy from ACEA. The deal, valued at around €500 million plus a potential earn-out, adds roughly 1.2 million customers to Plenitude and excludes vulnerable electricity users, who remain under ACEA’s management.

The transaction, cleared by the relevant authorities, strengthens Plenitude’s position in the European retail energy market and supports its 2030 targets for larger customer numbers and expanded EV infrastructure. For ACEA, the sale aligns with its strategic goal of concentrating on core regulated infrastructure businesses, potentially improving capital allocation while preserving its role in serving vulnerable customers and maintaining its leadership in water and environmental services.

The most recent analyst rating on (IT:ACE) stock is a Hold with a EUR23.50 price target. To see the full list of analyst forecasts on ACEA SPA stock, see the IT:ACE Stock Forecast page.

More about ACEA SPA

ACEA is a major Italian industrial group listed in Milan and focused on regulated infrastructure businesses in water, energy and environmental services. Active for more than a century, it is Italy’s leading water operator and the second largest in Europe, with international operations in Latin America and a stated commitment to sustainability-focused growth.

Average Trading Volume: 275,430

Technical Sentiment Signal: Strong Buy

Current Market Cap: €5.02B

For an in-depth examination of ACE stock, go to TipRanks’ Overview page.