Ultrapar, through Ultragaz, has acquired a 51.7% stake in Grupo Witzler for a total of R$110 million ($20.56 million), signifying a strategic move into new market sectors. The deal includes a R$50 million capital boost to Witzler, with an additional R$60 million at the close of the transaction. There is also a potential extra payment of R$40 million based on Witzler’s performance over the next year.
This acquisition aligns with Ultrapar’s diversification efforts, expanding beyond the fuel distribution market into logistics and energy. Pending approval from regulatory bodies, including CADE, this deal showcases Ultrapar’s commitment to growth and innovation in the energy sector.
Ultrapar’s expertise in fuel distribution, combined with Ultragaz’s leadership in the LPG sector, underscores their vital role in providing energy solutions for households and industries. Together, they contribute to enhancing Brazil’s energy landscape and promoting energy independence.
Witzler’s involvement in electricity trading and management further strengthens Brazil’s energy market dynamics, driving distribution and optimization strategies. This strategic partnership aims to bolster Brazil’s economic infrastructure and foster energy independence nationwide.