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IVITAS acquired by ČEZ ESCO

 

We are happy to announce that as of June 1st, 2023, IVITAS is part of ČEZ ESCO.

IVITAS, in which ČEZ ESCO has acquired a 100% stake, will be a subsidiary of ČEZ Energetické služby, which builds and operates energy facilities, among other things, across the Czech Republic for companies and municipalities.

"The acquisition of IVITAS will significantly strengthen one of our most important capabilities, i.e. offering comprehensive services and solutions to industrial customers and cities. In addition, it will help fulfill our plans for the modernization of the heating industry, which we are currently working on in various locations across the Czech Republic, such as at the Dětmarovice Power Plant in the Moravian-Silesian Region of the country," explained Kamil Čermák, CEO of ČEZ ESCO.

Pavel Dostal, Chairman of the Board at IVITAS, added, “The opportunity to become part of the market leader in modern energy solutions, while also participating in the largest ever project of modernization and greening of the heating industry, is a welcome challenge for all members of our staff.

Dostal also pointed out that the acquisition will not affect their current focus of providing design, construction and consulting services in the fields of energy, metallurgy, technological equipment of buildings and ecology fields to their existing and future customers.

"Our new colleagues from IVITAS are top experts who have an excellent reputation throughout the country. I look forward to their involvement in the preparation of design proposals, which will significantly improve the quality of our projects. In addition, we will gain another 20 experts, which will enable us to take over the contracts that we have been subcontracting," said Rostislav Díža, General Director of ČEZ Energetické služby.