Cosvegaz S.A.

What Cosvegaz S.A. does

Cosvegaz S.A. is a Swiss gas distribution utility and a wholly-owned subsidiary of the Holdinova energy group, headquartered in Vevey, Switzerland. Since 2017, the company has been operationally focused on the technical management of its gas distribution network — installation, connection, and maintenance of pipeline infrastructure — serving 105 communes across seven districts of the Vaud and Fribourg cantons (Morges, Gros-de-Vaud, Jura-Nord vaudois, Broye-Vully, Lavaux-Oron, Glâne, and Broye). Its product offering comprises natural gas distribution, renewable biogas distribution, and Power-to-Gas technology that converts surplus renewable electricity into hydrogen or synthetic methane for storage in the gas network. The company is legally separate from, but operationally integrated with, its sister company Energiapro, which since 2017 has handled all energy commercialization, customer billing, and tariff setting (with tariffs published via Energiapro's portal and a tariff simulator).

The business model is built on regulated utility economics: Cosvegaz manages the physical distribution infrastructure on a regional basis and captures revenue through network-use and grid-operation fees, while customer-facing energy sales and pricing are executed by Energiapro. Its customer base spans three primary segments — communes/municipalities, residential customers (Particuliers), and commercial/industrial customers (Professionnels) — all served through the same pipeline infrastructure. Cosvegaz operates within a broader Holdinova ecosystem that includes sister network operators CICG (Riviera) and SGPR (Chablais), with which it shares a 24/7 emergency gas safety line, alongside complementary group entities in solar, district heating, sanitation, ventilation, and financing. With a headcount of approximately 7 employees, Cosvegaz runs a lean operating model that relies on the Holdinova group's shared services and the commercial reach of Energiapro for revenue realization.

Name

Cosvegaz S.A.

Legal name

Cosvegaz S.A.

Website

https://cosvegaz.ch

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Cosvegaz S.A. is a Swiss regional gas distribution utility, managing the technical operations of a pipeline network distributing natural gas and biogas to 105 communes across the Vaud and Fribourg cantons as part of the Holdinova energy group.

Ownership category

akta.pro rank

Product category

Natural Gas Distribution Utility

NAICS

Natural Gas Distribution (22121), Natural Gas Distribution (2212)

SIC

Natural Gas Transmisison & Distribution (4923), Natural Gas Distribution (4924)

akta.pro industry

PRIMARYEUAAADAA

Regulated Natural Gas Utility (LDC) Customer Acquisition & Switching

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Natural Gas Utilities & Retail Supply (Marketing & Sales)

SECONDARYEUAAADAJ

Distributed Energy & Gas Solutions Sales (CHP, Microgrids, On-site Gas Supply)

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Natural Gas Utilities & Retail Supply (Marketing & Sales)

Keywords

• Natural gas distribution
• Biogas distribution
• Gas network management
• Municipal gas utility
• Power-to-gas technology

Headquarters

HQ city

Vevey

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain

Revenue model

1. Gas Distribution Services: Revenue generated from the distribution of natural gas and biogas to residential, commercial, and municipal customers across served communes. The company focuses on technical network operations while energy commercialization is handled by sister company Energiapro.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Cosvegaz S.A. distributes natural gas and biogas to 105 communes across 7 districts in the cantons of Vaud and Fribourg in Switzerland. Since 2017, the company has focused exclusively on the technical management of its gas network, covering installation, connection, and maintenance of infrastructure, while energy commercialization activities have been transferred to sister company Energiapro. The company operates pipeline-based gas distribution for residential heating/cooking, commercial operations, industrial processes, and renewable gas solutions.

Product overview

Cosvegaz S.A. operates as a gas distribution utility within the Holdinova group, managing technical operations of the gas network including natural gas and biogas distribution across 105 communes in Vaud and Fribourg cantons. The company focuses on core infrastructure services—network installation, connection, and maintenance—while commercial energy sales are handled by sister company Energiapro SA. The product portfolio centers on natural gas distribution, renewable biogas distribution, and Power-to-Gas technology, with additional mobility solutions including Softcar vehicles operating on natural gas-biogaz. The company serves districts including Morges, Gros-de-Vaud, Jura-Nord vaudois, Broye-Vully, Lavaux-Oron, Glâne (FR), and Broye (FR).

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Distribution Distribution of natural gas to residential, commercial, industrial, and municipal customers in 7 districts across the Cantons of Vaud and Fribourg in Switzerland, using Cosvegaz's regional pipeline infrastructure. Customers use the gas for heating, cooking, industrial processes, and electricity production.
• Biogas Distribution Distribution of renewable biogas as an alternative to natural gas, supporting the energy transition and reducing carbon emissions for customers in the Cosvegaz network service area. Used for the same applications as natural gas (heating, cooking, industrial processes).
• Power-to-Gas Technology solution converting excess renewable electricity into hydrogen or synthetic gas (methane) for storage and later injection into the gas distribution network, supporting grid balancing and renewable energy integration.
• Gas Network Technical Management Technical management of the gas distribution network including new installations, customer connections (raccordement), and ongoing maintenance of infrastructure across 105 communes. Since 2017, this has been the company's core operational focus within the Holdinova group.
• Softcar (Mobility Solution) Natural gas/biogaz-powered vehicle offering through the Holdinova group's mobility solutions, providing an eco-friendly transportation option for customers using renewable and natural gas as fuel.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• HoldinovacoreStrategic or Co-development PartnerCosvegaz is a wholly-owned subsidiary of Holdinova, a Swiss energy group. Cosvegaz focuses on technical management of the gas distribution network (installation, connection, maintenance) while the group coordinates overall strategy and sister companies handle complementary functions.
• EnergiaprocoreStrategic or Co-development PartnerEnergiapro is the sister company of Cosvegaz within the Holdinova group. Since 2017, Cosvegaz has transferred its energy commercialization activities to Energiapro. Both companies jointly ensure energy distribution to 105 communes, with Cosvegaz handling network operations and Energiapro managing customer relationships and billing.

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Romande Energie Holding SA: Principal electric utility in the Vaud canton with growing multi-energy offerings. Operates in many of the same communes as Cosvegaz and competes for residential and municipal energy contracts.
• GRDF (Gaz Réseau Distribution France): France's main natural gas distribution utility, operating the largest gas distribution network in Europe. Comparable as a regulated LDC, though at vastly greater scale and serving residential, commercial, and industrial customers across France.
• Groupe E SA: Major multi-energy utility serving the canton of Fribourg with electricity, gas, heat, and water. Geographic overlap with Cosvegaz in the Fribourg districts and competing in some of the same municipal energy markets.
• Gaznat SA: Major Swiss natural gas transmission and distribution company serving western Switzerland, including supply to regional LDCs. Comparable in regulatory positioning and Swiss gas infrastructure operations, but operates at a larger transmission scale.

Direct peers

• CICG (Compagnie Industrielle et Commerciale du Gaz): Sister company within Holdinova, also operating a regional gas distribution network in the Riviera region of Vaud canton. Shares the same 24/7 emergency gas safety line, governance, and operating model as Cosvegaz.
• SGPR (Société du Gaz de la Plaine du Rhône): Sister company within Holdinova operating another regional gas distribution network in the Chablais region of Vaud canton. Closely comparable operating model, customer segments, and infrastructure mandate to Cosvegaz.

Regional players

• ewz (Elektrizitätswerk der Stadt Zürich): Zurich municipal multi-utility covering electricity, district heating, and increasingly renewable gas. Comparable Swiss regional utility offering infrastructure and energy services, though primarily electricity-led.
• Services Industriels de Genève (SIG): Multi-utility serving Geneva with gas, electricity, water, and district heating. Comparable as a Swiss regional utility with gas distribution operations, but does not directly overlap Cosvegaz's Vaud/Fribourg territory.
• IWB Industrielle Werke Basel: Multi-utility serving Basel with gas, electricity, heat, and water distribution. Operates a comparable local distribution company model in Switzerland, though geographically distant from Cosvegaz's Vaud/Fribourg service area.

Others

• Swissgas AG: National coordinating entity for the Swiss gas industry, held by regional gas utilities. Related as a federal-level counterpart and coordination body to regional LDCs like Cosvegaz, though operating at industry-association/transmission scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cosvegaz-s-a-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cosvegaz S.A.