First announced on 20 June 2016, this transaction is part of Voltalia's continued plan to grow through the diversification of its energy mix and its geographic footprint, CEO Sébastien Clerc said. The group's skills have expanded from the production of electricity from renewable energy to include the provision of development, construction, and operation and maintenance services on behalf of third party clients.
Consolidated turnover of €198 million
The group's operating capacity has thus multiplied by 2.4, from 418 MW to over 1,000 MW (1 GW), of which 376 MW installed capacity and 627 MW in operation on behalf of third-party clients. Consolidated turnover has more than tripled, growing from €58 million to €198 million, while the workforce has increased from 157 staff (at 30 June 2016) to 423.
Strenghted position in the solar energy sector
“This new addition will strengthen our position in the solar energy sector”, Sébastien Clerc, CEO of Voltalia said. "We are very excited about this transaction: in addition to ensuring a continued service to Martifer Solar clients, this merger with Voltalia is an opportunity for us to join a fast-growing group with strong prospects and high ambitions" Henrique Rodrigues, CEO of Martifer Solar added.
Growing mergers and restructuring in the industry
The move reflects the growing trend of mergers, acquisitions, cooperations and restructuring in the solar and energy storage industry. For example, some weeks ago Ingeteam took over Bonfiglioli`s solar business, Total acquired Saft and BayWa r.e. has taken over the Italian O&M service provider Kenergia Sviluppo. (HCN)
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