On July 6, 2018 the Enel group has announced that Enel X, the Enel´s division focusing on innovative products and digital solutions, has reached an agreement for the acquisition of the main business units of Yousave, an Italian company active in the field of energy efficiency and flexibility management.

As mentioned in the Enel’s press release: “the operation stands out for the strong synergy between the business models of the two companies, which are both characterised by the goal of understanding and capitalising on the transformation of the energy industry and exploring the opportunities offered by the application of new technologies. Yousave is an energy service company (ESCo) that offers design capabilities and services to achieve energy savings and optimise internal processes for industrial and service companies as well as governments. Through the implementation of advanced and flexible energy management systems, Yousave can also optimise consumption profiles, reduce emissions and boost environmental sustainability.”

Through a structured and comprehensive advisory mandate, Finadvice Mediterranean has assisted Yousave and its shareholder in the transaction.