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About Met Group
Industries
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$1.3B
Headquarters
Zug, Switzerland
Founded
2007
Overview
MET Group trades and wholesales natural gas across Europe, using a network that spans 30 national markets and 22 trading hubs, and it owns gas storage capacity including a 2 TWh operator to balance supply. Beyond gas, it is expanding into renewable energy such as solar and wind to diversify its assets. Its size and mix of trading, storage, and energy infrastructure differentiate it from peers that focus on a single area. Its goal is to support the clean energy transition by building a diversified portfolio that combines gas trading, storage, and renewable energy assets across Europe.
Simplify's Take
What believers are saying
- €1.1B loan from ING and 15 banks funds trading expansion.
- Majority stake in Mega adds 500,000 Belgian retail clients.
- 25% SwissWinds stake accesses Gries high-altitude wind farm.
What critics are saying
- EU CBAM raises gas import costs 20-50% from 2026.
- Shell LNG contract locks high-cost U.S. supplies amid spot drops.
- German bans force KGE and Epe divestiture at 40% loss.
What makes Met Group unique
- MET Group trades 242 BCM natural gas across 33 markets in 2025.
- Acquired KGE and Epe for 2 TWh German gas storage capacity.
- Owns 436 MW renewables plus 653 MW under construction.
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Funding
Total Funding
$1.3B
Above
Industry Average
Funded Over
2 Rounds
Benefits
Professional Development Budget
Flexible Work Hours
Company News
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MET Group, a European energy company based in Switzerland, has acquired 100% of KGE, a natural gas storage operator located in Gronau, North Rhine-Westphalia, Germany. This acquisition enhances MET Group's investment in natural gas infrastructure within Germany.
The MET Group acquired 100% of Comax France, entering the French electricity market. Comax, founded in 2003, operates a 170 MW thermal power plant and a 29 MW battery storage system, with plans for further battery projects. MET, present in 30 gas markets and 22 trading points, received a €53 million investment from Keppel Corporation in 2020. Majority-owned by Lakatos Benjámin, MET is 90% employee-owned, with Keppel holding 10%.
Swiss company MET Group, aiming to acquire Achemos Group, signed a €1.1 billion loan agreement to finance its sales and trading segment. The loan, coordinated by ING Bank and joined by Rabobank, Natixis CIB, Société Générale, and 13 other international banks, can be increased to €1.7 billion. This agreement supports MET's gas, LNG, and electricity trading operations. In 2023, MET Group's consolidated sales revenue was €24.5 billion.
Switzerland-based MET Group said on Monday its renewables unit, MET Green Assets Holding AG, has acquired a 25% stake in SwissWinds Holding SA and its subs
Met Group is Hiring for 9 Jobs on Simplify!
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About Met Group
Industries
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$1.3B
Headquarters
Zug, Switzerland
Founded
2007
Met Group is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today