22 Aug '16, 10am

Voltalia completes Martifer acquisition to become ‘global renewables champion’ https://t.co/Nek0FNdzox

Voltalia completes Martifer acquisition to become ‘global renewables champion’ https://t.co/Nek0FNdzox

French renewables firm Voltalia has completed its acquisition of Martifer Solar in a move which the two companies said had resulted in the “birth of a global renewables champion”. Voltalia revealed it was in advanced discussions with Martifer in June , but completed the transaction on Friday and the two firms have now begun the process of merging their interests. In merging the two businesses, Voltalia’s portfolio of assets through development, construction, operation and maintenance services would more than treble from 418MW to over 1GW. It would directly own assets totalling 376MW and offer O&M services to third-party clients owning 627MW. Consolidated turnover would also more than triple, from €68 million (US$76.8 million) to around €198 million, and its workforce would rise from 157 staff to 423. Voltalia said the strategic acquisition would see the firm focus more int...

Full article: http://www.pv-tech.org/news/voltalia-completes-martifer-a...

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