# Snam acquires 33% stake in De Nora for €0.4 billion

Snam is acquiring a 33% stake in De Nora, a global leader in sustainable technologies, for approximately €0.4 billion. The investment supports Snam's hydrogen strategy and provides exposure to De Nora's water business.

- Type: Acquisition
- Announced: 2020-11-19
- Where: Italy
- Value: $475.0M (400.0M EUR)
- Status: announced
- Products: electrodes technology, electrolyzers, water treatment solutions
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Snam](https://endata.com/companies/11714.md) (acquirer)
- [De Nora](https://endata.com/companies/23566.md) (target)

## Sources

- [slideshare.net](https://www.slideshare.net/slideshow/acquisition-of-a-strategic-stake-in-de-nora/239691611), 2020-12-02: "De Nora's electrodes technology complements Snam's hydrogen strategy, and the company is well-positioned in the fast-growing electrolyzer market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.