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Announced

Completed

Elevion Group completed the acquisition of Belectric’s businesses from RWE Renewables.

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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United Kingdom

Private

Germany

Israel

Single Bidder

Friendly

Completed

Italy

Production Technology Equipment

Majority

France

solar engineering

Acquisition

Cross Border

Synopsis

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Elevion Group, an integrated energy services provider, completed the acquisition of Belectric’s businesses from RWE Renewables, an electricity and gas supplier. Financial terms were not disclosed. The business units specifically involved in the transaction with Elevion are: Belectric, Belectric France, Belectric Solar, Belectric Italia and Belectric Israel. As a part of the Elevion Group, Belectric will continue to operate as a developer and service provider in the solar sector.

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