Founded
in 1954 by the Bertello family, Olicar is a leading company operating
in the energy facility management business in Italy.
Olicar, which is an Energy Services Company
(ESCO) recognised by the Energy and Gas Authority, provides
integrated solutions to public institutions and private clients
enabling cost savings for their heating bills while increasing
environmental compliance and efficiency.
Olicar has a contract portfolio of over € 600
million with an average duration of around 15 years.
The company has over 180 employees and in 2006
had consolidated revenues of around € 45 million, with an
EBITDA margin of around 20%.
On June 8 2007, BlueGem acquired a 49.9% stake
in Olicar S.p.A.
The remaining 50.1% stake is still owned
by the founding Bertello family.
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