Veolia Romania buys majority stake in General Me.el Electric to become an integrated provider of public utility services

• Expansion of the portfolio with low, medium and high voltage electricity services, complementing existing solutions in water, sewage, gas and thermal energy.
• Alignment with the objectives of the Veolia Group’s “GreenUp” strategic program by diversifying decarbonization solutions, such as solar electricity generation and battery storage systems.
• Enhancing the capacity for implementation and the complexity of solutions offered for large-scale projects in the renewable energy segment.

Veolia Romania announces the acquisition of the majority stake in General Me.el Electric (GME), one of the most dynamic Romanian companies specializing in the design, execution and maintenance of electrical systems, as well as in the production of solar electricity and its storage in battery systems. The acquisition marks a strategic milestone, as it completes Veolia's portfolio of public utility services in Romania and responds to the global commitment under the GreenUp program, dedicated to ecological transition and investments in green energy.

Through this new acquisition, Veolia Romania strengthens its position as an integrated provider of energy solutions, adding essential expertise in the field of electrical installations and photovoltaic projects, in a context where the energy transition is a national and European priority.

Ranked among the top 10 Romanian companies in its field, General Me.el Electric has been active on the local market for over 30 years. Its portfolio includes projects with a total installed capacity of over 200 MW, including a 62 MW photovoltaic park currently under construction, as well as battery storage systems with a combined capacity of over 15 MWh.

“The acquisition of General Me.el Electric represents a strategic step for Veolia Romania, through which we continue our investments at the national level and now access a new field, with significant growth potential. We have been active on the Romanian market for 25 years, during which time we have constantly evolved through innovation, collaboration and by attracting local companies specialized in providing sustainable solutions - such as GME - to the Veolia group. Thus, this transaction brings us solid expertise, complements our existing skills and reinforces Veolia's commitment to sustainable investments, with a concrete impact on the modernization and development of the local energy infrastructure. Together with the General Me.el team – including shareholders, management and technical experts, we will accelerate the growth of the company and of Veolia in Romania and will deliver reference projects in the field of electrical installations, just as we already do in water resource management", said Mădălin Mihailovici, CEO of Veolia Romania.