CVA Group (Compagna Valdostana delle Acque), a leading operator in the green energy sector and the only integrated producer operating exclusively on renewable sources, has acquired, through its vehicle CVA Smart Energy, 70% of the company RS Service, based in Genova (Italy), active in the design, construction and maintenance of electrical and mechanical systems.

The shareholders of RS Service were assisted, as financial advisor, by Equita K Finance, Italian member of Clairfield International and part of Equita Group, and for the legal and contractual aspects by Studio Rosso & Tirelli. CVA was assisted by Fieldfisher for the legal and contractual aspects and by PwC Italia for the financial and due diligence aspects.

RS Service, founded in 1999 by Gianni Rizzo, who was joined the following year by current partner Lorenzo De Barbieri, is a well-established reality in the design, construction and maintenance of electrical and mechanical systems sector that operates nationwide with a structure of 70 employees and a network of qualified subcontractors for the realisation of systems in the logistics, large-scale distribution, industrial and residential sectors. RS Service ended 2022 with a turnover in excess of Euro 40 million, consolidating an important growth trend that started in 2018, when the company’s turnover was Euro 15 million.

CVA’s entry into the capital of RS Service represents a further opportunity for the company to grow and strengthen in the integrated plant engineering market.
CVA – Compagnia Valdostana della Acque, based in Châtillon (AO), is one of the most important Italian companies active in the green energy sector. The group qualifies as the only 100% green integrated Italian operator and is entirely controlled by the Aosta Valley Region. The group ended 2022 with a consolidated turnover of EUR 1.7 billion and an installed capacity of around 1.2 GW, from hydroelectric, photovoltaic and wind power sources.

The acquisition of RS Service is part of a wide-ranging project to expand and diversify the group’s technology, focused on increasing installed capacity to 2 GW and providing integrated energy efficiency services through its subsidiary CVA Smart Energy, which will also operate as an ESCo (Energy Service Company).