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New Deal


Announced

Completed

PPL Corporation acquired Safari Energy.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Renewable Energy Equipment

Private

Single Bidder

Acquisition

solar energy

United States

Completed

Synopsis

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PPL Corporation, one of the largest companies in the US utility sector, acquired Safari Energy, a leading provider of solar energy solutions for commercial customers in the US. Financial terms were not disclosed. "The Safari Energy acquisition offers PPL an attractive, low-risk opportunity to help advance a cleaner energy future; to support the growth of distributed energy resources, including energy storage; and to gain additional experience with technologies that will play a bigger role in shaping the future energy grid," said William H. Spence, chairman, president and chief executive officer of PPL Corporation.

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