Energy company MET Group expects to announce acquisitions within next 12 months – exec
- Looks for European deals to fill gaps, accelerate growth
- Power platforms, BESS projects and LNG assets on its radar
- Typically handles deals worth up to EUR 100m internally
Integrated energy company MET Group is assessing “a good number” of acquisitions and expects to announce new deals within the next six to 12 months, Group Chief Strategy and M&A Officer Alexander Alting von Geusau said.
The Switzerland-headquartered business, which generated revenues of EUR 28.6bn in 2025, aims to achieve substantial growth under its new five-year strategy for 2027-2031 through a combination of acquisitions and organic growth, Alting von Geusau said. Acquisitions should fill gaps in certain markets and accelerate growth across Europe, he added.
MET Group wants to grow its B2B and B2C customer portfolios, especially in Western Europe. Power platforms across Europe, particularly in northwestern European countries, are attractive, he said. The company is also interested in buying battery energy storage system (BESS) projects in selected markets, such as Spain, France, Poland and other eastern European markets, he added.
As an importer of liquefied natural gas (LNG) from the US to its customers in Europe, MET Group is also interested in acquiring assets within the LNG value chain, Alting von Geusau said.
The executive declined to comment on potential deal sizes and funding options to pursue its M&A strategy.
MET Group, which is 90% owned by its employees and 10% by Keppel Infrastructure, does not disclose its EBITDA or profitability, according to its website.
The company has an internal team of seven or eight M&A professionals and typically handles deals worth up to EUR 100m internally, Alting von Geusau said. It hires legal advisors, accounting and tax consultancies on a case-by-case basis and works with investment banks on large transactions or when they bring specific deals, he added.
MET Group expects to review and adapt its new five-year strategy regularly as it grows, Alting von Geusau said. As a significant player in the wholesale of gas and sale of energy commodities to its customers, MET Group anticipates that its turnover and strategy will be impacted by geopolitics, like the events in the Middle East, he added.
In terms of competitive landscape, MET Group is somewhat between traders like Singapore-based Trafigura or Swiss Mercuria, and utilities like Swiss-based Alpiq or Axpo. MET Group differs from energy traders as it also has a sizeable customer base, Alting von Geusau said.
Headquartered in Baar, MET Group began its operations in Hungary in 2007, initially focusing on the natural gas wholesale and retail sector, according to its website. Today, it is an integrated energy company with activities and assets in natural gas, LNG, power, and renewables. The company, which has more than 1,400 employees, lists solar and wind facilities, BESS, combined heat and power (CHP), combined cycle gas turbine (CCGT) plants, and gas storage facilities among its assets.
Since January 2026 Huibert Vigeveno acts as the group’s CEO. He took over from MET Group’s controlling shareholder and current executive chairman Benjamin Lakatos, as per a company announcement.
Notable transactions by MET Group include a majority stake acquisition in Belgian energy supplier Mega in February 2025, and the acquisition of Comax France, an owner, operator and developer of CHP and BESS and a portfolio company of Investindustrial, completed in November 2024.
