Announced
Completed
Financials
Sources
Tags
Friendly
Poland
Acquisition
solar power equipment
Completed
Renewable Energy Equipment
Private
Single Bidder
Synopsis
innogy Polska took full control of Foton Technik, a Polish renewable energy equipment company. The firm acquired a 50,4% in Foton in 2016 and now increased its holding to 100%. Financial terms were not disclosed. "We predict that the solar industry in Poland will continue to grow dynamically. This is clearly indicated by the ever-growing interest of customers in renewable energy sources and the increasing availability of support programs as well as attractive commercial loans offered for this type of investments," says Janusz Moroz, board member innogy Polska.
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