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Wednesday, May 15, 2024

Green shoots in the business world

Better sentiment among entrepreneurs, the results of a 2024 business survey suggest. Poland among the three best-rated investment locations. Entrepreneurs are looking to the future...

Poles’ work-life balance still some way to go

A report by the Polish Economic Institute (PIE) – ‘Work-life balance and flexible forms of work organization’ – shows that Poles work an average...

IMPACT LEADERS: Aleksandra Agatowska, CEO, PZU Life (2020 – 2024); World Economic Forum Contributor

Welcome to the “IMPACT LEADERS with Magda Petryniak. Stories of leaders redefining success”. In this series of interviews, Magda is talking to leaders who...

Elemental Strategic Metals & Ascend Elements e-battery JV kicks off in Zawiercie

Elemental Strategic Metals, based in Zawiercie, and Ascend Elements, based in Westborough, Massachusetts, in April announced the formation of AE Elemental, a joint venture...

Expansion of the TRUMPF Huettinger R+D Center

TRUMPF Huettinger, a leader in modern technologies, has opened a new building of the research and development center in Zielonka near Warsaw. The expanded TRUMPF...

ORLEN Acquired 267 Stations in Austria

ORLEN has successfully completed the acquisition of 100% stake in Doppler Energie that manages 267 service stations across Austria under Turmöl brand. The transaction expands ORLEN’s network to nearly 3,500 modern service stations across seven European countries. The Group is now exploring additional acquisition opportunities in the region and is taking steps to establish itself as a leader in electromobility within the Austrian market.

Almost half of the acquired service stations are self-service facilities, aligning with the preferences of Austrian consumers who appreciate the ease of purchasing and paying for fuel directly at the pump. Moreover, 40 locations are equipped with solar PV panels. Nearly 100 facilities have car wash services, half of them feature convenience stores, and around 80 incorporate a food and beverage concept. The transaction also included the acquisition of Austrocard, a fuel card provider serving private and business customers at over 500 locations throughout Austria. ORLEN’s current network in Austria also includes 110 electric car charging points across 34 locations operating under the Turmstrom brand.

The acquired Doppler Energie will be subsequently renamed ORLEN Austria. By this transaction ORLEN took over a significant part of the wholesale fuel market, which will allow to optimize logistics and guarantee the stability of supplies. ORLEN also wants to achieve synergies related to the presence and ownership of production assets in many markets in the region. In September 2023 the European Commission approved the transaction with Doppler Group, deeming it compatible with the common market.

ORLEN Group Strategy until 2030 aims to expand its retail network further. Currently it owns 3,439 service stations, including 1,931 in Poland and 1,508 in foreign markets: Germany (607), the Czech Republic (436), Slovakia (90), Hungary (78), Lithuania (30), and now also in Austria (267). Facilities outside Poland thus account for nearly 44% of ORLEN’s total network.

Marek Gizmajer
Marek Gizmajer
High-tech journalist
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