SENCO Hydrogen Capital Invests EUR20 Million in Strohm B.V. for Sustainable Energy Transition
Key Ideas
  • DLA Piper advised SENCO Hydrogen Capital on a significant EUR20 million equity investment in Dutch company Strohm B.V., specializing in innovative pipelines for energy sectors.
  • SENCO's investment emphasizes a commitment to sustainable energy and future-proofed supply, driving CO2 emissions reduction in the pipeline infrastructure.
  • The investment joins SENCO with existing shareholders in a total capital increase of EUR30 million, marking a milestone for both companies in the energy transition sector.
  • DLA Piper's experienced team led by partners in the Netherlands and Germany showcases their commitment to the hydrogen sector, as seen in prior successful transactions in 2023.
SENCO Hydrogen Capital, a German private equity firm specializing in hydrogen investments, has made a EUR20 million equity investment in Strohm B.V., a Dutch company known for its innovative pipelines in both conventional and renewable energy sectors. Strohm is a pioneer in developing thermoplastic composite pipelines aimed at significantly reducing CO2 emissions in the pipeline infrastructure industry. This investment signals SENCO and Strohm's dedication to a more sustainable energy supply and highlights the growth momentum of companies supporting the energy transition. The investment, which includes existing shareholders, totals EUR30 million and further solidifies the companies' commitment to sustainable practices. In a related transaction, DLA Piper had previously advised on a business combination involving exceet and APEX Group, demonstrating their expertise in the hydrogen sector. APEX Group specializes in green hydrogen electrolysis plants for industrial and infrastructure decarbonization. The DLA Piper team involved in this transaction was comprised of private equity lawyers from the Netherlands and Germany, showcasing their depth of experience and dedication to advancing sustainable energy initiatives.
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