Belgium’s Ecostal Group has acquired Solexis, a B2B PV distributor primarily based in Switzerland. Financial phrases of the deal weren’t disclosed.
The Ecostal Group mentioned that the merger with Solexis marks “a brand new stage in its European growth technique,” as it can now prolong its actions in Switzerland. The group is structured as a B2B distributor of PV options and a producer and installer of medium-to large-scale photo voltaic initiatives. It operates as 9 separate authorized entities throughout Belgium, France, Spain and now Switzerland following its most up-to-date merger.
“Both firms have complementary distribution networks and the identical DNA,” mentioned Ecostal Group CEO Christophe Piron, “What we have now in frequent is the need to be near our prospects and assist them in each stage of their work with a degree of service that is without doubt one of the highest within the sector.”
Solexis CEO Frédéric Bichsel added that the merger is absolutely in step with the corporate’s ambitions for the longer term. “By becoming a member of forces, we give Swiss installers the assist of a European chief within the sector and entry to a extra complete vary of services,” he mentioned.
As a part of the settlement, Bichsel grew to become a shareholder of Ecostal Group, retained his function as Solexis managing director and have become a member of the Ecostal Group govt committee.
In December 2023, Ecostal acquired the Belgian B2B specialist Project Zero.
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