Announced
Completed
Synopsis
Grenergy, a renewable energy producer and specialist, completed the acquisition of a 40% stake in Sofos Harbert, a manufacturer of solar equipment. Financial terms were not disclosed. "This strategic acquisition allows us to accelerate our growth in the United States, a market that will install more solar capacity in the coming years than Europe and Latin America combined. And we will do so in a structured manner, through our investment in a company like Sofos Harbert, which has an extensive project portfolio and a highly qualified local team," David Ruiz de Andrés, Grenergy CEO.
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