Cube acquires MVV Energie CZ

• MVV Energie CZ provides services to customers in 15 cities and is among the leading producers and distributors of heat in the Czech Republic
• The company sold 690 GWh of heat and 170 GWh of electricity in 2021 and generated €78m in revenue
• MVV Energie’s management and structure remains unchanged

Cube Infrastructure Managers completed the acquisition of MVV Energie CZ, an operator of district heating networks in Czech Republic, through its Cube Infrastructure Fund III.

Prague-based MVV Energie CZ provides services to customers in 15 cities and is among the leading producers and distributors of heat in Czech Republic, according to Cube. The company is also engaged in electricity generation, waste-to-energy production, energy consulting, water management and the provision of electronic communications services.

MVV Energie CZ sold 690 GWh of heat and 170 GWh of electricity in 2021, and generated €78 million in revenue.

“This investment reflects Cube’s commitment to delivering sustainable infrastructure assets to local communities and authorities,” said Saket Trivedi, partner of Cube Infrastructure Managers. “MVV Energie CZ is a perfect example of this, delivering heating and energy efficiency solutions to thousands of homes and businesses across the Czech Republic. We look forward to helping the Company grow and develop its portfolio as it continues to provide future-proof energy solutions to household and commercial clients in the coming years. We have a clear and ambitious decarbonisation objective and will also seek to modernise facilities and improve the operational efficiency.”

Luxembourg-based Cube Infrastructure Managers is an independent management company focusing on investments in the European infrastructure sector.