KGAL-backed EWIA to acquire SunErgy.

KGAL-backed EWIA, a solar energy investment company, to acquire SunErgy, a company delivering off-grid solar energy through mini-grids to communities in emerging markets, particularly in sub-Saharan Africa.​ Financial terms were not disclosed. “The merger of EWIA and SunErgy is a meaningful step toward realising our strategy of becoming one of the leading providers of solar solutions for sub-Saharan Africa. In addition to geographical expansion and diversification into the stand-alone solutions market, another crucial factor is that, with shareholders like KGAL, we gain established and experienced investors and investment professionals with proven expertise in the infrastructure sector, which constitutes a substantial enhancement,” Ralph Schneider, EWIA Managing Director.