The company Cube III Energy CZ s.r.o. is the new owner of MVV Energie CZ a.s. as of 9th December 2022. Cube III Energy CZ s.r.o. is part of Cube Infrastructure Managers, an independent European investment company focused on medium-sized infrastructure projects.
MVV Energie CZ provides its services to customers in fifteen cities and is one of the leading producers and suppliers of thermal energy in the Czech Republic. The group is also involved in high-efficiency electricity production, energy utilization of waste, energy consultancy, water management and the provision of electronic communications services. It offers its nearly 500 employee stable employment in the regions. In fiscal year 2021, MVV Energie CZ sold 692 GWh of heat and 171 GWh of electricity, and its turnover in fiscal year 2020–2021 was 2,1 billion crowns.
The entry of the new owner will not mean any significant changes in the structure and functioning of the entire group, and the team, including the company's management, remains unchanged. MVV Energie CZ Chairman of the Board Jörg Lüdorf adds to the change of ownership: "The arrival of a new owner means a new future for our entire group. It will help our company grow further and expand our portfolio of services for households and businesses focused on sustainable energy solutions of the future. And I am very much looking forward to this future".
Commenting on the company's acquisition, Saket Trivedi, Partner of Cube Infrastructure Managers said: "I welcome MVV Energie CZ to our portfolio. Our investment in the entire group is in line with Cube's commitment to provide long-term sustainable infrastructure for cities and municipalities and their representatives. MVV Energie CZ is a great example of a company supplying heat and efficient solutions in the field of energy to thousands of households and companies throughout the Czech Republic. We look forward to helping this new company of ours grow further in the coming years and expand its portfolio of services for households and businesses, services focused on sustainable energy solutions of the future. I am glad that we have agreed on long-term cooperation with the company's existing team and together we will work on the long-term development strategy of the entire MVV Energie CZ group".