About MET Group
MET Group is a company based in Zug (Switzerland) founded in 2012 by Benjamin Lakatos was acquired by Sonepar in December 2024. It operates as a Reseller / Distribution, and Green Energy-as-a-Service. MET Group has raised $58.74 million across 3 funding rounds from investors including Sonepar, International Investment Bank and Keppel Infrastructure. MET Group has completed 5 acquisitions, including Achema, COMAX France and Cogen Energia. MET Group offers products and services including Natural Gas Trading, Electricity Trading, and Renewable Energy Production.
- Headquarter Zug, Switzerland
- Founders Benjamin Lakatos
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Met Holding Ag
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Annual Revenue
$33.52 M (USD)1699952as on Dec 31, 2014
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Net Profit
$-834.91 K (USD)-189as on Dec 31, 2014
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EBITDA
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Total Equity Funding
$58.74 M (USD)
in 3 rounds
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Latest Funding Round
$1.19 B (USD), Debt – Conventional
Jul 29, 2024
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Investors
Sonepar
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Achema
& 4 more
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Acquired by
Sonepar
(Dec 10, 2024)
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Products & Services of MET Group
MET Group offers a comprehensive portfolio of products and services, including Natural Gas Trading, Electricity Trading, and Renewable Energy Production. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Natural gas is traded across multiple European markets.
Electricity is traded in various national energy markets.
Renewable energy is produced through solar and wind.
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Funding Insights of MET Group
MET Group has successfully raised a total of $58.74M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.19 billion completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $1.2B
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First Round
First Round
(28 Aug 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Debt – Conventional - MET Group | Valuation |
investors |
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| Dec, 2019 | Amount | Series C - MET Group | Valuation | Keppel Infrastructure |
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| Aug, 2018 | Amount | Debt – Conventional - MET Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MET Group
MET Group has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Sonepar, International Investment Bank and Keppel Infrastructure. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Delivers innovative energy, waste-to-energy, and water solutions for sustainable infrastructure needs.
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Founded Year | Domain | Location | |
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Development financing is extended internationally by the bank.
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Founded Year | Domain | Location | |
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Electrical products and related services are distributed globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MET Group
MET Group has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Achema, COMAX France and Cogen Energia. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Electricity and gas services are supplied to customers in Belgium.
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2013 | ||||
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Electricity production and plant distribution services are provided in France.
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2005 | ||||
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Electricity transmission-based utility projects are developed in Spain.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MET Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Met Group Comparisons
Competitors of MET Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about MET Group
When was MET Group founded?
MET Group was founded in 2012 and raised its 1st funding round 6 years after it was founded.
Where is MET Group located?
MET Group is headquartered in Zug, Switzerland. It is registered at Zug, Zug, Switzerland.
Who is the current CEO of MET Group?
Benjamin Lakatos is the current CEO of MET Group. They have also founded this company.
Is MET Group a funded company?
MET Group is a funded company, having raised a total of $58.74M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $128.86M, raised on Aug 28, 2018.
What is the annual revenue of MET Group?
Annual revenue of MET Group is $33.52M as on Dec 31, 2014.
What does MET Group do?
MET Group is involved in the trading of natural gas and electricity across multiple European markets. The company is headquartered in Switzerland and operates in 21 countries through subsidiaries. Renewable energy production is facilitated through its Green Asset Division, focusing on solar and wind energy. Additionally, MET Group is committed to climate impact initiatives and social responsibility, supporting energy security and reliable power supplies in various regions.
What products or services does MET Group offer?
MET Group offers Natural Gas Trading, Electricity Trading, and Renewable Energy Production.
How many acquisitions has MET Group made?
MET Group has made 5 acquisitions, including Achema, COMAX France, and Cogen Energia.
Who are MET Group's investors?
MET Group has 3 investors. Key investors include Sonepar, International Investment Bank, and Keppel Infrastructure.
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