“With SEAG, we are pleased to have found a company that perfectly fits ENcome in its strategic and regional orientation as well as its team-oriented and technically experienced approach. Together we want to expand our service presence in Germany and strengthen our market position through innovation” explain Dr. Robin Hirschl and Burkhard Söhngen, managing directors at ENcome Energy Performance.
Dr. Thomas Große Böckmann, managing director at SEAG and future managing director at ENcome Energy Performance Deutschland GmbH, adds: “The development work of the SEAG team has been fruitful. The integration into ENcome group focussing solely on Operations & Maintenance means tailwind for our high service standards. The SEAG team is looking forward to becoming part of ENcome group.”
“The disposal of SEAG is a part of our strategic realignment and focus on the emerging PV markets. In future we will cooperate with SEAG, respectively ENcome group and appreciate the increased customer benefit as a consequence of the integration into a specialised service provider” comments Daniel Prokopy, Chief Executive Officer at Deutsche Eco AG.
It was agreed not to disclose further details of the acquisition. The validity of the transaction is still subject to few conditions which will be fulfilled within the next few weeks.
The deal was arranged by SolarKapital GmbH, a private-equity company focusing on the solar market, as advisor of ENcome. “The worldwide O&M market has been set in motion. More than ever, independence, critical size and professionalism are key success factors for PV investors.” remarks Dr. Andreas Leimbach, Managing Partner, SolarKapital. This successful deal has benefits for both companies and their customers, further transactions will follow” explains Dr. Tobias Engelhardt also Managing Partner, SolarKapital.
The ENcome group is a pan-European leading and independent provider for the operation of photovoltaic power plants with focus on technical Operation and Maintenance (O&M), technical Asset Management (TAM) and the compilation of technical expertise. At present ENcome operates power plants with a nominal capacity of several hundred megawatts in different countries. Well skilled engineers ensure the best yield for every renewable energy park in any grid environment. Furthermore ENcome offers other services along the asset lifecycle of photovoltaic installations partnering amongst others with renown law firms, tax advisers and security centres.
Background Deutsche Eco:
As an international specialist for PV systems provides Deutsche Eco AG together with its subsidiary all services from planning to the commissioning phase from one source. Investors have the opportunity to participate in the form of closed funds or private placements in solar power plants.
SEAG Service GmbH offers technical services for PV power plants across Germany. A subsidiary of Deutschen Eco AG and has offices in several of Germany’s federal states. In addition to the technical operation the range of services also includes site preservation, due diligence, upgrades and measure to increase the performance.
SolarKapital is a private-equity company solely focusing on the solar market. A hands-on attitude and extensive sector know-how provide competitive advantages and synergy effects to its portfolio companies. We strive for double-digit returns for our investors on the basis of an attractive risk/return profile. Significant investments of the partners ensure full alignment of interests. The Solar Kapital group is ENcome’s shareholders since 2013. In addition, the company group has invested in PV power plants in France, Greek and Germany.
Further information: www.en-come.com, www.deutsche-eco.de, www.seag-service.de and www.solarkapital.com
Contact person ENcome: Dr. Robin Hirschl, Managing director, E-Mail: firstname.lastname@example.org
Contact person Deutsche Eco: Sara Ruhländer, Corporate communications, E-Mail: email@example.com
Contact person SEAG: Dr. Thomas Große Böckmann, Managing director, E-Mail: firstname.lastname@example.org
Contact person SolarKapital: Dr. Andreas Leimbach, Managing director, E-Mail: email@example.com