Met Group

Met Group

About Met Group

Simplify's Rating
Why Met Group is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$1.3B

Headquarters

Zug, Switzerland

Founded

2007

Overview

Simplify Jobs

Simplify's Take

What believers are saying

  • MET Group's focus on battery storage aligns with global energy trends.
  • The €1.1 billion loan supports MET's trading operations expansion.
  • EU's renewable energy push benefits MET's wind and solar investments.

What critics are saying

  • Increased competition in France may impact MET's profitability.
  • The €1.1 billion loan raises MET's financial leverage risk.
  • Integration challenges may arise from the Comax France acquisition.

What makes Met Group unique

  • MET Group's employee ownership model fosters strong internal commitment and motivation.
  • The acquisition of Comax France marks MET's entry into the French electricity market.
  • MET's investment in SwissWinds aligns with EU's renewable energy goals.

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Funding

Total Funding

$1268.3M

Above

Industry Average

Funded Over

2 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Professional Development Budget

Flexible Work Hours

Company News

Forbes Hungary
Nov 25th, 2024
MET Group acquires Comax France for expansion

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%.

VZ
Jul 29th, 2024
MET Group secures €1.1B loan

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.

Renewables Now
Nov 7th, 2023
MET invests in SwissWinds, to develop wind in its home market

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

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