Announced
Completed
Financials
Sources
Tags
Friendly
Single Bidder
Majority
Cross Border
solar energy
Private
Acquisition
Completed
Italy
Renewable Energy Equipment
Synopsis
ENCAVIS completed the acquisition of an additional 29% stake in Stern Energy, a solar energy equipment supplier. Financial terms were not disclosed. "We are very proud to consolidate the partnership with Encavis that will allow Stern Energy to sustain, with the strength of a solid international Group, the unprecedented growth we expect in the market. Stern Energy remains the key player, with a wider international reach, for all those asset owners seeking quality and high-performance technical services," Ernesto Magnani, Stern Energy CEO.
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