WPG Westfälische Propan GmbH

WPG was founded in 1951 by Stadtwerke Bielefeld and several municipalities to provide bottled gas to households in rural areas. Over the years, WPG expanded its operations to include the supply of tank gas and the establishment of a network of autogas filling stations. WPG had one of the largest liquid gas tank farms in Germany and was known for its high-quality products and services.

Background

In January 2018, Adeleon acquired WPG WESTFÄLISCHE PROPAN GMBH, a German company that supplied liquefied petroleum gas to rural and peri-urban households. The acquisition was part of Adeleon's strategy to expand its customer base and strengthen its position in the German liquefied gas market.

"After the acquisition by Adeleon, we were able to jointly transform WPG into a successful and profitable company. Our employees were warmly welcomed by the Adeleon management and the permanent staff, so that the stresses associated with the integration were quickly forgotten. Today, we are happy to be part of the Adeleon team and have found our professional home."

Jochen Clement

Sales Manager Region West, WESTFA Energy Group

Acquisition

Adeleon's acquisition of WPG was a strategic move that allowed WESTFA to expand its customer base and strengthen its position in the German liquefied gas market. As part of the acquisition, WPG's customers were transferred to WESTFA and WPG's Managing Director, Jochen Clement, became the sales manager of the West area in WESTFA.

Impact

The acquisition of WPG had a positive impact on both WESTFA and WPG’s business. The addition of WPG's customers expanded both customer bases and increased revenue.

Result

The acquisition also allowed WESTFA to increase its market share in the German liquefied gas market and strengthen its position as a leading provider of high-quality liquefied gas products and services.

Conclusion

Adeleon's acquisition of WPG was a strategic move that allowed WESTFA to expand its customer base and strengthen its position in the German liquefied gas market. The acquisition had a positive impact on WESTFA's business and allowed WESTFA to increase its market share and revenue while maintaining the values set by Jochen Clement. Overall, the acquisition was a success for Adeleon, WESTFA and WPG.

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Martijn Megens

Managing Director M&A-Transactions

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