The strategic direction of volenergy AG, headquartered in Suhr (Switzerland) remains unchanged: to supply Switzerland and, in the future, Austria with liquid energy solutions while placing an increasing focus on sustainable energy solutions.
The acquisition of the bp service station network marks an important milestone in the company’s development. “bp is a leading brand in the Austrian market, with service stations in attractive locations. At the same time, the transaction enables us to leverage synergies in the procurement of fossil and alternative energy products and to supply both markets more efficiently,” says Ramon Werner, CEO of volenergy AG.
The bp brand and its premium fuels will remain in place. The popular fuel cards for fleet and private customers will continue to be available. Following approval by the Austrian Federal Competition Authority, we will assess opportunities to further develop the convenience store offering in collaboration with our partner Valora. Around 60 employees of bp Retail Austria GmbH will join volenergy.
“The market for transport and heating fuels is also declining in Austria. Consolidation and the realisation of synergies are therefore a logical step. With a solid financial foundation and an entrepreneurial culture, volenergy is well positioned to help shape the future of energy supply in Switzerland and Austria and to make targeted investments in low-CO2 energy solutions,” adds Ramon Werner.
Completion of the transaction is subject to approval by the competent competition authorities.
Media Contact
Sabine Chakai-Styner
Press Office
Tel.: +41 62 836 85 25
E-mail: medien@volenergy.com
A photo of Ramon Werner (CEO) and the volenergy logo are available for download at: https://www.volenergy.com/en/about-us/media
About volenergy AG
Headquartered in Suhr (Canton of Aargau), volenergy AG is one of Switzerland’s leading suppliers of liquid energy solutions for heating and mobility. The company operates more than 700 retail stations and around 140 convenience stores under theBP, Shell, Ruedi Rüssel and Miniprix brands.
With the acquisition in Austria, volenergy will expand its network by approximately 250 retail stations,115 convenience stores and 79 car wash facilities, all of which will continue to operate under the bp brand.
The company’s history dates back to 1873 with the founding of the Lagerhäuser der Centralschweiz. In 1965, it entered the mineral oil products business, opened its first RuediRüssel service station in 1999, and founded Oel-Pool AG in 2003. Today, the company operates as volenergy AG and is part of Volare Group AG, which is active in trading, manufacturing and real estate, and holds a number of strategic investments.
volenergy invests strategically in alternative and low-CO2 energy solutions, including biodiesel, ethanol, HVO and synthetic fuels.
Further information: www.volenergy.com