BNP Paribas Germany News & Press
""
October 12, 2006 -

ista Group acquires CIS (Comptage Immobilier Services) from Astorg Partners

Forward to a friendForward to a friend PrintPrint

The German ista Group has acquired CIS from Astorg Partners and its managment. The price of the transaction has not been disclosed.
CIS is the leader in the French sub-metering industry. Its scope of activities cover three areas : water and heat allocation, maintenance of buildings’ water network, and electricity and gas metering. CIS had revenues of €78m in 2005.

Astorg Partners manages three funds subscribed by French and international investors.

ista was bought out by CVC from the German utility e-on in 2003 and is the world leader in sub-metering. Ista’s revenues in 2005 were approx. €500m. The transaction will provide ista with an even more international profile, moving non-German sales from 40 % to 48%.

BNP Paribas Corporate Finance acted as financial advisor