MET Group is an integrated European energy company, headquartered in Switzerland, with activities in natural gas and power, focused on multi-commodity wholesale, trading and sales, as well as energy infrastructure and industrial assets.
MET Group is represented in 13 European countries, with 700+ permanent staff in Austria, Bulgaria, Croatia, Germany, Hungary, Italy, Romania, Serbia, Slovakia, Spain, Switzerland, Turkey and Ukraine.
MET Group is present in 27 national gas markets and 22 international trading hubs. The Group has a significant end-consumer presence in Croatia, Italy, Hungary, Romania, Slovakia, and Spain.
MET Group is owned 90% by MET employees and 10% by Keppel Infrastructure, a wholly owned subsidiary of Keppel Corporation*.
* Listed on the Singapore Exchange
MET Group’s operations began in Hungary in 2007, focusing on the natural gas wholesale and retail sector. Although Hungary remains a key market, MET Group has quickly expanded to several European countries, where it has established green-field subsidiaries and organically developed positions, responding to market openings.
In 2013, MET Group entered the power and oil segments, realizing its goal to become a multi-commodity trader in order to capitalize on cross-commodity opportunities. In 2014, MET Group acquired the Dunamenti Power Plant in Hungary, expanding its activities to include electricity generation. In 2016, given the changes in the LNG (liquefied natural gas) market environment, an LNG desk was established at the Zug headquarters in Switzerland.
Since 2017 MET Group has entered several new markets.
In 2018, MET Group transformed into a management-owned company. The Group is owned by MET Capital Partners AG, a newly registered investment platform of MET Group CEO, Benjamin Lakatos. MET Group managers participate via a share program through MET ManCo AG.
In 2020, Keppel Infrastructure completed its acquisition of a 20% stake in MET Group. The two companies entered into a strategic partnership to jointly explore investment opportunities focusing on European energy infrastructure assets.
In 2022, Keppel Infrastructure divested a 10% stake to Benjamin Lakatos, CEO of MET Group, and reinvested the proceeds into Keppel MET Renewables AG, a joint venture pursuing renewable energy opportunities in Western Europe.
MET Group’s mission is to become a leading market player by implementing innovation in the European energy markets. MET Group considers the growth of renewable power generation as a key part of its business strategy going forward.