On 10th December 2007 Advent International announced the sale of SAG to EQT following a successful strategic restructuring programme.
SAG is Europe's leading provider of energy-related infrastructure services to utility transmission and distribution grids, employing 5,900 staff and generating €770 million in revenues.
SAG was acquired from RWE as part of a diversified portfolio of five industrial energy-related businesses. Since then, Advent has worked closely with SAG’s management team to streamline the company’s previously conglomerate-like structure and refocus the business on its core infrastructure services, significantly improving profitability.
The strategically repositioned business is now excellently placed to benefit from the anticipated market growth in Western and Central & Eastern Europe, and to lead sector consolidation in those regions.