Premier Energy Group has agreed to acquire Romania-based Evryo Group from funds managed by Macquarie Asset Management in a deal valued at around €700m ($823.2m).
The transaction will be completed through the acquisition of 100% of Felix Distribution Holdings, the parent company of Distributie Energie Oltenia (DEO), as well as 100% of Evryo Power.
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This acquisition marks a major milestone in Premier Energy’s strategy to strengthen its presence in Romania by adding electricity distribution to its portfolio and further advancing its integrated operating model.
Premier Energy Group CEO Jose Garza said: “By adding electricity distribution to our operations in Romania, we are adding a key missing component of our integrated energy platform in our core market.
“This allows us to better align electricity generation, distribution and supply, strengthening our ability to operate efficiently and capture value across the entire energy chain.
“At the same time, we are pleased to continue our relationship with Macquarie Asset Management following the successful acquisition of CEZ Vânzare, now Premier Energy Furnizare, back in 2024. This transaction reinforces our commitment to our main market and provides a strong foundation for continued growth.”
DEO is a regulated electricity distribution network in the Oltenia region of south-western Romania, responsible for the development, maintenance and operation of the grid.
It supplies electricity across 80,000km, serving 1.5 million customers.
Evryo Power underpins these activities as a service provider, supporting unbundling and related processes through its operational, commercial and administrative functions to help ensure the platform runs efficiently.
From 2021 to 2025, DEO invested more than 2.3bn lei ($530.14m) and plans to invest an additional 3.4bn lei by 2029.
With strong operational support, DEO has achieved around a 25% reduction in both unplanned interruptions and network losses.
The transaction is anticipated to close financially in the second half of 2026, pending regulatory approvals and standard closing conditions.
Macquarie Asset Management managing director Stéphane Brimont said: “We are proud to have supported Evryo Group over the years of Macquarie’s ownership, backing DEO’s growth as a cornerstone of Romania’s energy system.
“Our investment has strengthened DEO’s operational performance and network resilience, including through periods of significant energy disruption in recent years.
“These efforts have helped deliver a smarter, more resilient electricity system for Romania. We look forward to seeing its continued progress under Premier Energy Group’s stewardship.”
In May 2025, Macquarie closed the acquisition of Island Green Power, a UK-based renewable energy developer, by purchasing an additional 50% stake.
