Waaree Energies completed the acquisition of a 64% stake in Kotsons for INR1.92bn.

Waaree Energies, a company specializing in solar PV module manufacturing and renewable energy, completed the acquisition of a 64% stake in Kotsons, a manufacturer of electrical transformers, for INR1.92bn. "Transformers are a critical enabler in solar projects and renewable energy infrastructure, ensuring reliable grid integration and efficient power distribution. As Waaree expands its leadership in solar manufacturing, entering the transformer business through Kotsons is a natural extension of our vision to provide integrated, end-to-end energy solutions. The acquisition of Kotsons marks a significant milestone in Waaree’s mission to accelerate the global energy transition. With India and the world witnessing a surge in demand for reliable power infrastructure, transformers are becoming increasingly critical in enabling electrification across industries such as green hydrogen, EVs, and data centers. Kotsons, with its rich legacy, proven expertise, and global-ready certifications, is the perfect partner in this journey. For our customers, this integration means access to a seamless and diversified energy solutions portfolio, spanning solar modules to internationally certified transformers, delivering reliability and sustainability at scale. For Waaree, it strengthens our vertical integration, expands our exports capability, and brings us closer to our vision of becoming a truly global integrated energy solutions provider,” Hitesh Doshi, Waaree Energies Chairman & Managing Director.