The €9m ($10.2m) take-over bid, which will be equity financed, is in line with a "multi-energy, multi-country" expansion strategy first launched by Voltalia in 2013. The acquisition is expected to be finalised in the third quarter.
"[Martifer's] operation, highly strategic to our group, is a great opportunity to accelerate [ourselves] into the solar power sector, to enter into new countries and to extend our expertise provision for third party customers, with the objective of exploiting more than 1GW [of renewable energy installed capacity] from 2016," says Voltalia chief executive Sébastien Clerc.
Along
