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About the company
VERBUND AG is an Austria-based energy company. The Company is engaged in the generation and transmission of electricity in Austria. It is also active in the energy trading markets. Through its trading platform, VERBUND Energy4Business GmbH, which trades power and energy derivatives over-the-counter and at the major power exchanges across Europe. VERBUND generates electricity via its large network of hydroelectric power plants, which accounts for approximately 90% of the power generated, supplemented by wind, solar and thermal power plants, powered by fossil fuels. The Company's transmission business is run by VERBUND-Austrian Power Grid AG, which operates, maintains and extends Austria's high-voltage and extra-high-voltage power grids. Verbund has further subsidiary operations in Germany, Italy, Poland, Hungary and Slovenia. Furthermore, the Company acquired Gas Connect Austria GmbH to operate its infrastructure.
- Revenue in EUR (TTM)8.51bn
- Net income in EUR1.37bn
- LocationVerbund AGAm Hof 6aWIEN 1010AustriaAUT
- Phone+43 503130
Mergers & acquisitions
|Acquired company||Deal status||Date||Date /|
|VER:VIE since |
|Q-Energy Private Equity SGEIC SA-Operational PV portfolio||Deal completed||09 May 2022||09 May 2022Deal completed||20.09%||--|
|SMATRICS GmbH & Co KG||Announced||11 Aug 2021||11 Aug 2021Announced||31.80%||--|