Vivo Energy to acquire the Somagaz group
Published on: Oct 20, 2023
The company distributes LPG cylinders to a network of around 140 retail outlets.
Vivo Energy has reached an agreement to acquire Somagaz, an integrated operator that imports, stores, bottles and distributes liquefied petroleum gas (LPG) in Mayotte.
The Pan-African energy company will take control of the activities of Somagaz SAS and its subsidiaries, Sigma SAS (in charge of LPG supply, storage and bottling) and SN Somagaz SAS (in charge of LPG distribution to customers) in Mayotte.
For over 27 years, Somagaz has been developing its business in Mayotte’s fast-growing LPG market. The company operates in strict compliance with French and European safety, health and environmental standards. The logistics facility has a capacity of 1,000 tonnes. The company distributes LPG cylinders to a network of around 140 retail outlets, plus cylinder and bulk distribution to industrial customers across Mayotte.
"We are delighted to announce the acquisition of Somagaz, adding a new market to Vivo Energy’s network of 23 African and Indian Ocean countries today. This acquisition fits perfectly with our growth strategy, enabling us to expand our LPG business, reach new customers and deliver further value," said Stan Mittelman, CEO of Vivo Energy.
The group has a network of over 2,650 service stations in 23 countries operating under the Shell and Engen brands and exports lubricants to a number of other African countries.
