Orlen’s Austria expansion receives approval
Published on: Oct 2, 2023
The brand will take over 266 service stations in the country and expand its international network up to seven European markets.
The European Commission has given the green light to Orlen’s proposed acquisition of 266 fuel stations in the Austrian market. When the deal is completed, Austria will be the seventh European retail market where the brand operates.
This will position the chain close to achieving 97% of its strategic objective for the number of stations in its portfolio by the year 2030. As a result, the company is set to emerge as one of the three major players in the Austrian fuel market, commanding a retail market share of about 10%.
“Having merged with the LOTOS and PGNiG Groups, we now have the capacity to execute ambitious growth plans, including in retail sales. The European Commission’s decision brings us closer to the strategic goals of growing our business internationally, but also advances our vision to achieve the retail network’s self-sufficiency in terms of energy supply and develop alternative fuels,” said Daniel Obajtek, CEO and President of the Management Board at Orlen.
The company’s takeover of Doppler Energie, operator of Doppler Group’s Austrian fuel station network, has been greenlit. This means 266 stations operating under the Turmöl brand will now belong to the international fuel retailer. This acquisition also encompasses an extensive network of electric car chargers branded as Turmstrom, to expand to a total of 110 charging points across 34 locations by the year’s end.
The Orlen Group’s Strategy until 2030 aims to expand the retail network to 3,500 sites, with 45% of them located outside of Poland. As at the end of the second quarter of 2023, the company operated 3,157 stations across Poland, the Czech Republic, Lithuania, Germany, Slovakia, and Hungary.
