Swiss-based MET Group has finalized the acquisition of a 68.5% stake in Liège-based energy and telecom supplier Mega Group International, following approvals from relevant authorities.
The deal strengthens MET’s presence in Belgium and the Netherlands, enabling the company to bring its financial resources and expertise to Mega’s household customer base while setting the stage for expansion into small and medium-sized business and industrial markets in the Benelux region.
Founded in 2013, Mega ranks among Belgium’s top five energy suppliers, serving nearly 500,000 customers with electricity, gas, and telecom services. The company’s founders and co-CEOs, Michael Corhay and Thomas Coune, will retain a 31.5% stake and continue leading operations.
MET Group Chairman and CEO Benjamin Lakatos said the acquisition aligns with the company’s Western European growth strategy, adding that the combination of Mega’s retail expertise and MET’s risk management capabilities would create “many synergies” benefiting both companies and their customers.
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