TÜV SÜD performed Technical and Environmental Due Diligence on NET4GAS transaction
TÜV SÜD performed Technical and Environmental Due Diligence for the acquisition ofNET4GAS, s.r.o. by Allianz and Borealis Infrastructure.
NET4GAS, s.r.o. holds the exclusive license for the operation of more than 3,600 kilometres of pipelines in the Czech Republic and is responsible for the national transmission of natural gas as well as international gas transit. Allianz and Borealis Infrastructure acquired the shares of RWE AG in NET4GAS, s.r.o. in August 2013.
TÜV SÜD supported Allianz and Borealis with the technical and environmental due diligence. “Again we have successfully contributed to the due diligence on a large M&A transaction”, says Gerhard Klein, Head of the Center of Competence for Due Diligence at TÜV SÜD Industrie Service GmbH. “Our international and interdisciplinary team of specialists undertook the technical due diligence of NET4GAS and assessed technical risks by applying our comprehensive interdisciplinary competencies across the gas sector.”