Successful Deals with PwC: Acquisition of Säntis Energie AG by GRAVAG Energie AG

The Swiss Deals team is pleased to announce the acquisition of Säntis Energie AG (“SEAG”), a Swiss provider for sustainable energy solutions, by GRAVAG Energie AG (“GRAVAG”), a leading Swiss natural gas and biogas provider. PwC acted as Lead Advisor to GRAVAG and provided financial, tax and legal due diligence services, as well as SPA advice.

SEAG was formed in 2013 from the merger of the two traditional companies Erdgas Toggenburg Werdenberg and Gaswerk Herisau, whose origins date back to 1866. Today, the company provides over 4’500 customers with energy solutions ranging from natural gas and biogas provision to e-mobility infrastructure, energy consulting, and solar energy contracting. As a subsidiary of Energie 360° AG, SEAG contributed to the over CHF 1 billion in revenue of the publicly-owned Swiss energy supplier.

Founded in 1901, GRAVAG supplies its natural gas and biogas solutions to over 10’000 commercial and private properties as well as public buildings. With the acquisition of SEAG, GRAVAG is expanding its market area and strengthening its market position in Eastern Switzerland.

The transaction was announced on June 04, 2024:

Energie 360° press release

The PwC team

M&A Lead Advisory

Sascha Beer (Partner)
Alessandro Rossi (Senior Manager)
Robin Sutter (Senior Associate)
Deborah Libardi (Associate)

Financial due diligence

Frank Minder (Partner)
Vincent Lüscher (Director)
Steven Wendebaum (Manager)
Simon Kiss (Associate)

Tax due diligence

Daniel Schmidt (Partner)
Matthias Ruesch (Director)

Legal Due Diligence & SPA Advice

Benjamin Fehr (Partner)
Laura Fertitta (Senior Manager)
David Talaat (Senior Associate)
Emmanuel Haefelfinger (Senior Associate)