Smartwatt has been acquired by Gascan

The shareholders of Smartwatt have sold a majority stake in the company to Group Gascan-Energyco.

Smartwatt offers integrated solutions for reducing energy costs, consumption and carbon footprint for industrial and services consumers, using state-of-the-art digitalization and benefiting from access to a proprietary database. The company offers tools and processes for optimization of energy consumption, renewable energy production and maintenance operations to industrial, commercial and services players.

Group Gascan-Energyco operates in the Portuguese market providing energy solutions to the B2C and B2B end-customer segments. Products and services, among others, include the sale of propane, thermal energy, photovoltaic solutions, electric mobility, maintenance services, appliances and legal inspections.

Bonera Group combines companies that operate at various stages of the energy value chain and aims to contribute to the transition to a sustainable energy model.

Oaklins’ team in Portugal advised Smartwatt’s shareholders on the sale of a majority stake in the company.