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Announced

Completed

BayWa completed the acquisition of Enable Energy.

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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Renewable Energy Equipment

Acquisition

Friendly

Majority

Private

Completed

energy storage project

Cross Border

Single Bidder

United States

Synopsis

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BayWa, a global renewable energy developer, service provider and distributor, completed the acquisition of Enable Energy, a US-based commercial and industrial solar and energy storage solutions provider with extensive skills in engineering, procurement and construction and operations and maintenance support. Financial terms were not disclosed. "Enable Energy is one of the fastest-growing solar and energy storage solutions providers in the U.S., with a significant installation base, healthy project pipeline and expanding O&M business. The addition of EEI to the BayWa r.e. Americas family will create multiple collaborative opportunities with our existing businesses and improve our position in strategic regional and vertical markets, such as commercial solar-plus-storage," Axel Veeser, BayWa Managing Director.

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