The philosophy of the operation of energy systems is constantly changing – a flexible company must recognise such changes.
ALTEO. Acting differently, while still considering energy paradigms that are the most efficient for stakeholders. After all, there is always more than one good solution. What is certain, however, is that the path we choose with our partners must be profitable in the long run.
Why can't there be a company that is able to join the established major players in the market through its vision, mobility and strength? This was the question we asked 10 years ago.
On 19 March, 2008, no one dared to give an answer. Still this was the vision that drove the founders of the company who used actions instead of words. They established ALTEO, an energy company that became a versatile and fast-acting, exchange-traded giant with a diversified portfolio. All within a decade.
By acquiring Sinergy Energiaszolgáltató, Beruházó és Tanácsadó Kft., then owned by the ELMŰ-ÉMÁSZ Group, ALTEO rose to be a key player in the Hungarian energy sector. Thus the vision turned into reality.
By integrating Sinergy, the ALTEO Group’s power plant portfolio has been expanded to include additional renewable and traditional high-efficiency energy production systems.
And what is in store for the future? This also depends on you. After all, it does not matter where the world is headed, we will be able to grow by creating value in collaboration with our partners, while still being a viable option for all our stakeholders.
One thing is certain. In autumn 2016, our company had a successful initial public offering, quadrupling the free float of our shares, while raising nearly HUF 1.4 billion for the implementation of our strategic plans.
We have been following this path with continuously renewed energy ever since. And this does not change.