AXA IM to acquire a 60% stake in ILOS Projects.

AXA IM, a global investment company, agreed to acquire a 60% stake in ILOS Projects, a European renewable energy company. Financial terms were not disclosed. “We are delighted to have found a partner in AXA IM Alts that shares our vision for the growth of the ILOS platform. Throughout this process they have impressed us with their long-term, hands-on and holistic investment strategy. With their strong support, we will continue to expand our installed capacity and portfolio across Europe. The investment not only validates ILOS’ proven track-record in renewable energy but also reflects AXA IM Alts’ confidence in our team. It positions us to successfully execute our strategy of becoming a leading pan-European renewable energy IPP – actively contributing to the EU’s energy independence and sustainability goals,” Nikolaus Krane and Michael Winter, ILOS Founders.