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December 22, 2017

M&As this week: Shenzhen Energy Nanjing Holding, BayWa r e renewable energy

Shenzhen Energy Nanjing Holding has announced its intention to acquire a solar photovoltaic (PV) power generation company based in Funing for CNY82.8m ($12.52m).

Shenzhen Energy Nanjing Holding has announced its intention to acquire a solar photovoltaic (PV) power generation company based in Funing for CNY82.8m ($12.52m).

Shenzhen Energy Nanjing Holding is a subsidiary of Shenzhen Energy Group.

All the companies involved in the transaction are based in China.

BayWa r e renewable energy has acquired Energy System Services, an Italy based company engaged in providing operational and maintenance services to the renewable energy market.

“Photovoltaik-Institut Berlin has agreed to acquire SolarBuyer.”

Through the acquisition, BayWa r e renewable energy expects to expand its portfolio by extending services in windfarm operations and maintenance, as well as high-voltage / medium-voltage (HV/MV) substations.

Kumpulan Wang Persaraan (Diperbadankan) has reached an agreement with Vortex Energy Holding to acquire a 45% stake in Vortex Solar Investments for a purchase consideration of £67.5m ($89.9m).

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Following the acquisition, Vortex’s stake in Vortex Solar will decrease to 5%. The remaining 50% will be held by Tenaga Nasional Berhad.

Vortex Energy Holding is engaged in renewable energy generation, while Vortex Solar owns a portfolio of solar PV projects.

Hach has acquired Kipp & Zonen, a company based in the Netherlands that designs and manufactures instrumentation and accessories required for measuring solar radiation and atmospheric properties.

Hach is a US-based water quality testing and analytical instruments manufacturer. Through the acquisition, it aims to strengthen its environmental portfolio and OTT Hydromet business, while expanding into meteorology and solar energy sectors.

Photovoltaik-Institut Berlin has agreed to acquire SolarBuyer, a provider of risk management and quality assurance services in the solar industry.

SolarBuyer aims to expand its services in the US market through the acquisition.

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