CDP Equity
Industry

Ansaldo Energia

  • Status Active
  • CDP Equity Start of the investment 12/23/2013
  • CDP Equity Investment size 941 € mln*
  • CDP Equity Shareholding 87.6%
CDP Equity

Overview

Ansaldo Energia is a manufacturer of machinery for energy generation (gas and steam turbines and generators), a supplier of thermal gas power stations and turnkey services to maintenance plants. It is present in the nuclear sector, where it has strengthened its presence with the acquisition of the English company NES, active in the largest nuclear decommissioning project in the United Kingdom. In 2019, the Group closed the year with a turnover of € 1.1 bln and new orders worth € 4.7 bln (+7% compared to the previous year). The company has high-level technology, only possessed by the other three groups: General Electric, Mitsubishi and Siemens.

Rationale

Supporting projects in Ansaldo Energia’s order book contributes to the decarbonisation of the Italian energy system and is in line with the implementation of the energy strategy in Italy which aims to reduce the impact of the CO2 of gas power plants compared to coal plants by 60%.

Results

CDP Equity is a strategic shareholder of the Group and has retained control over a leading company in a sector of national importance, which, with the new management, has improved its profitability and commercial prospects. 

Note

*This information does not include the shareholders loan paid by CDP Equity to Ansaldo Energia