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Announced

EDF Renewables to acquire Pivot Power.

Financials

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

Tags

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Specialty Chemicals

Private

Storage Terminals

United Kingdom

battery storage

Friendly

infrastructure for electric vehicle charging points

Acquisition

Majority

Pending

Single Bidder

Synopsis

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EDF Renewables, which provides wind and solar solutions as a NERC certified green project development company, agreed to buy Pivot Power, a British start-up company which specializes in battery storage and infrastructure for electric vehicle charging points. Financial terms were not disclosed. “Pivot Power’s purpose from the start has always been to accelerate the UK’s transition to a cost-effective, reliable, low-carbon energy system and in parallel fast-track the rapid adoption of clean transport. EDF Renewables shares our vision and of course brings the expertise, resources and platform to make this a reality,” Matt Allen, Pivot Power CEO.

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