# PLC sells Schmack Biogas stake to Hitachi Zosen Inova

PLC sold its 51% stake in Schmack Biogas S.r.l. to Hitachi Zosen Inova AG for approximately EUR 10.6 million, including earn-out components. The deal allows PLC to exit the biogas market and refocus on its core electrical infrastructure business.

- Type: Acquisition
- Announced: 2024-03-07
- Where: Italy
- Value: $11.5M (10.6M EUR)
- Status: completed
- Products: biogas/biomethane plants
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Hitachi Zosen Inova AG](https://endata.com/companies/16592.md) (acquirer)
- [PLC S.p.A.](https://endata.com/companies/69537.md) (partner)
- [Schmack Biogas S.r.l.](https://endata.com/companies/76135.md) (target)

## Sources

- [plc-spa.it](https://www.plc-spa.it/plc-cede-schmack-biogas-ad-hitachi-zosen-inova-ag/), 2024-03-07: "La cessione della Schmack Biogas attiva nel biogas / biometano è un passo in avanti fondamentale nell’attuazione del piano di rifocalizzazione sul core business."

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