Axpo to purchase French photovoltaic company

Share

18.04.2019 - In the course of its targeted growth strategy, Axpo has entered into exclusive purchase negotiations with the owners of the French photovoltaic company Urbasolar. With the acquisition, Axpo intends to further expand its leading position in the area of renewable energies. Urbasolar plans, constructs and sells photovoltaic systems.

The owners chose Axpo in an extensive selection process from a field of high-ranking bidders. In a next step, French law stipulates that Urbasolar employee representatives must be consulted before the sales contract is concluded. Urbasolar has initiated this consultation process.

The two parties have agreed not to disclose any details on the intended purchase.

More media releases

Show all

International business 13.03.2018

Axpo named best power trader in the world

Read more

Limmern pumped-storage plant 28.03.2018

Kraftwerke Linth-Limmern AG: Annual General Meeting approves the annual financial statement 2016/17

Read more

Company 26.01.2018

Axpo Chief Financial Officer Martin Schwab appointed as new CEO of Axpo subsidiary CKW

Read more