A fund managed by Pioneer Point Partners has acquired European clean fuels filling station owner OG Clean Fuels from ABN AMRO Sustainable Impact Fund and a fund managed by Meewind.
Pioneer Infrastructure Partners II invested an unspecified amount to acquire OG, which operates 325 filling station locations across Germany, the Netherlands, Sweden and Italy.
OG’s founder & CEO and COO will remain as shareholders with a minority stake in the company alongside Pioneer.
Founded in 2008, Netherlands-based OG provides compressed biomethane, liquefied biomethane, electric vehicle charging, hydrogen and liquid biofuels.
Pioneer’s investment will fund the acquisition of OG and support the development of new clean fuel filling stations in Germany. The investment is intended to enable OG to invest over €150m in the next five years.
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