Alimentation Couche-Tard Finalizes TotalEnergies Acquisition

The transaction encompasses over 2,000 sites in four new countries for the company.

January 04, 2024

Alimentation Couche-Tard announced that it has completed its acquisition of certain European retail assets from TotalEnergies. The acquisition was previously announced in March 2023.

The acquisition includes 100% of TotalEnergies' retail assets in Germany and the Netherlands, as well as a 60% controlling interest in the entities in Belgium and Luxembourg. The retail assets encompass 2,175 sites, with 1,191 located in Germany, 562 in Belgium, 378 in the Netherlands and 44 in Luxembourg. The majority are company-owned (69%) with the balance being dealer-owned (31%).

"With this acquisition, we are entering four new countries and significantly expanding our reach in Europe. We are very excited to welcome these new team members and stores into the Couche-Tard family and are confident that they are a great fit with our company and culture" said Brian Hannasch, president and CEO of Couche-Tard.  "We have a proven track record of successful integrations and have already identified local talent to lead in each country. We look forward to our journey of growing together as we bring lasting value to our customers, business, and shareholders."

When the acquisition was first announced in March, Patrick Pouyanné, chairman and CEO of TotalEnergies, said: "In Europe, the transformation of mobility is changing the way customers use service stations … For this reason, TotalEnergies has decided to partner with Couche-Tard and tap into its recognized expertise in operating convenience stores in service stations. We are delighted that Couche-Tard will apply all of its know-how in these 2,200 service stations in Western Europe and join forces with us in Belgium and Luxembourg, where we are the market leader. I am certain that this win-win forward-looking move will be a great success."