Livingstone Partners has advised the shareholders of LIQUIND 24/7 on the sale of a majority shareholding in the company to the multinational energy and commodities group Vitol.
LIQUIND 24/7 in Germany is the leading operator of LNG and alternative fuel stations for heavy-duty vehicles and ships. The respective stations are built in close cooperation with leading transportation and shipping companies and are frequently located on their sites. The company thus makes an important contribution to replacing Diesel as fuel for heavy haulage traffic through more environmentally friendly alternatives, namely as of now LNG and BioLNG and in the future also electricity and hydrogen.
Vitol is a global energy and commodities group that is committed to investing in the energy transition. It is a significant investor in renewables, with over $1 billion capital committed to renewable power projects, and has successfully invested in bio-digesters in the US. Investing in Liquind is aligned with Vitol’s core strategy of investing in assets that complement the trading business. Vitol anticipates that demand for low emission fuels will increase as the European trucking industry seeks a practical and timely means of reducing its carbon footprint.
Gabor Beyer and Christian Schneider, the Founders and Managing Directors of LIQUIND 24/7 stated, “We would very much like to thank Livingstone Partners in the persons of Michael Westhoven and Konrad Kofen for organizing a fast-paced, efficient, and highly competitive M&A process as well as for their highly committed and enthusiastic support of our company throughout this process. This allowed our team to stay focused on further growing the business in a very dynamic market environment during the entire process. In addition, we also highly value Livingstone’s help with structuring and negotiating the transaction, successfully bridging the gap between the wants and needs of a fast-growing entrepreneurial company like us and a global player.”
Michael Westhoven, Partner at Livingstone Düsseldorf commented, “Getting Diesel trucks off the road is a very important factor for meeting our climate goals. We are thus very pleased that with Vitol we could find a strong and committed new strategic owner for LIQUIND 24/7, who shares the company’s vision, and is ideally placed to support it in its further development.“