Ultragaz acquires 51.7% of Witzler for R$ 110 million, expanding its presence in the electricity market and strengthening solutions for high-tension clients.
Ultragaz has signed a contract to acquire a 51.7% stake in Witzler, a company engaged in the commercialization of electricity in the free market and energy management for its clients. The investment amounts to R$ 110 million, to be paid upon completion of the transaction. Additionally, there is a further R$ 40 million contingent on the business’s performance.
This move represents a significant step for the company in expanding its energy solutions offering. The strategy enables Ultragaz to serve high-tension clients, particularly small and medium-sized businesses, through the opening of the free energy market.
“Ultragaz has been attentive to opportunities, with a strategic focus on companies and markets that align and complement our business. Witzler is a perfect example, given its extensive expertise in energy commercialization in the free market. With this acquisition, we strengthen our value proposition to clients, enhancing relevance, scale, and improving the quality of services and experiences offered,” said Tabajara Bertelli, President of Ultragaz.
Founded in 2015, Witzler operates nationwide, with its headquarters in Bauru/SP and six commercial offices. Its client portfolio includes over 3,000 contracted consumption units in the retail and wholesale sectors. The company currently employs approximately 150 people, most of whom are in sales and client relations, which is a key strength in the market.
Upon finalizing the deal, Ultragaz intends to retain Witzler’s executive leadership, as a significant part of the expertise acquired will come from the human capital and operations. The business integration will occur after meeting contractual conditions, including approval from the Administrative Council for Economic Defense (CADE), and until then, the businesses will continue to operate independently.
In the past two years, Ultragaz has focused on expanding its energy solutions and exploring new markets for distributing various types of energy to its clients. This includes launching Ultragaz Energia Inteligente, a service connecting distributed renewable electricity generation to low-tension clients. Additionally, the company invested in acquiring NEOGás, contributing to its portfolio diversification and expanding access to and supply of Natural Gas and Biomethane
