Announced
Synopsis
Greenvolt, an energy production from residual forest biomass company, agreed to acquire a 37.3% stake in Solarelit, a commercial and residential photovoltaic systems manufacturer, for €12.5m. “The Italian market presents enormous growth opportunities for us. By acquiring a position in Solarelit’s capital, we can bring our expertise in the distributed generation segment to Lombardy’s business cluster. However, we are confident that the wide reach of Solarelit powered by Greenvolt will enable us to expand progressively throughout Italy and grow in the Mediterranean region,” João Manso Neto, Greenvolt CEO.
Principals
Show Details & Financials
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.