# Asterion Industrial Partners acquires energy utility STEAG

Asterion Industrial Partners has signed an agreement to acquire STEAG from a consortium of municipal utilities for an enterprise value of approximately €2.6 billion. Asterion plans to expand STEAG's green energy business.

- Type: Acquisition
- Announced: 2023-08-25
- Where: Essen, Germany, Germany
- Value: $2.83B (2.60B EUR)
- Status: announced
- Products: electricity, heat, solar power, wind power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [STEAG](https://endata.com/companies/33408.md) (target)
- [Asterion Industrial Partners](https://endata.com/companies/72262.md) (acquirer)

## Sources

- [asterionindustrial.com](https://www.asterionindustrial.com/asterion-industrial-partners-acquires-energy-utility-steag/), 2023-08-25: "Asterion aims to continue developing STEAG as a whole into a sustainable energy generator with its own climate-friendly capacities"

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