TotalEnergies and SHV Energy have sold PitPoint.LNG to ViGo Bioenergy

TotalEnergies and SHV Energy have agreed to sell PitPoint.LNG, a Netherlands-based operator of state-of-the-art LNG refueling stations, to ViGo Bioenergy, a Germany-based developer and operator of refueling stations for alternative fuels. With this strategic acquisition, ViGo Bioenergy expands its international station network for alternative fuels and strengthens its European bio-LNG position.

PitPoint.LNG, the Dutch joint venture between TotalEnergies and SHV Energy, is an operator of LNG infrastructure for the heavy-duty road transport and inland waterway transport sectors. The company currently operates twelve unmanned LNG refueling stations for the heavy-duty road transport sector along important transport routes and near large logistical hubs, and with a high local presence of distribution centers and major transport companies. In addition, PitPoint.LNG operates an LNG refueling station for inland waterway barges in Cologne, Germany. The company’s station network is internationally distributed along the Netherlands (five), Germany (five) and Belgium (three). For the operation of the stations, PitPoint uses integrated digital tools to provide highly practical station information.

ViGo Bioenergy, a wholly owned subsidiary of Vitol, is a Germany-based developer and operator of a network of refueling stations for alternative fuels in the transportation sector. The company currently offers (bio-)LNG and (bio-)CNG through its network of 28 stations throughout Germany.

Oaklins’ team in the Netherlands acted as the exclusive M&A sell-side advisor to TotalEnergies and SHV Energy. This transaction emphasizes our strong experience with corporate carveouts as well as our track record and expertise in the renewable energy and alternative fuels sectors.