Ameresco, an American company with over 2.5 billion dollars of market capitalization on the NYSE and leader in energy efficiency and renewable energy solutions, acquires Enerqos Energy Solutions, energy service company of Milan, to expand its existing presence in Europe.
Enerqos has been operating for more than 15 years with the mission of taking care of the environment to generate concrete results in pursuit of a greener future. The company offers a competitive advantage to Italian companies through energy efficiency and renewable energy solutions through careful selection and design of high-tech plant engineering to reduce energy costs in the nearterm. The company has a broad portfolio of cost reduction and carbon reduction projects in several markets in Italy, including healthcare, real estate, retail and residential.
Ameresco, founded in 2000, is a leading cleantech integrator and developer, owner and manager of renewable energy resources, headquartered in Framingham, Massachusetts (USA) and more than 1,000 employees providing local expertise in the United States, Canada and Europe. The company already offers clean energy solutions in several European countries, including the UK, Ireland and Greece. Ameresco’s sustainability services to support customers’ pursuit of Net Zero Emissions include modernization and efficiency of energy infrastructure, construction and management of distributed energy resources. Ameresco has successfully completed energy-saving and environmentally friendly projects with federal, state, and local governments, health and educational institutions, housing authorities, and commercial and industrial customers.
Applying Ameresco’s established business model and ENERQOS’ scale, experience and regional scale, the acquisition by Ameresco is well positioned to build a business and pipeline of high-growth clean energy solutions across Europe.
“It is with great enthusiasm that we enter this new phase of our business. Enerqos was built on a commitment to develop renewable energy solutions and set emission reduction targets, so as to usher in a greener and better future for all – said Enrico Giglioli, CEO of ENERQOS – “As a leader in the cleantech industry, Ameresco shares this belief and has a proven history of implementing innovative technologies that provide clean energy and improve overall safety, reliability and resilience”.
“This acquisition further strengthens Ameresco’s global presence by expanding our presence and adding a new pipeline of work across Italy,” said George Sakellaris, President and CEO of Ameresco. “Ameresco’s mission is to create a more sustainable future for our customers, and we believe the acquisition of ENERQOS extends our proven track record of providing significant renewable energy and energy efficiency solutions to entities in North America and Europe that increase energy savings and reduce carbon emissions“.
“Enerqos is on the forefront of energy efficiency in Italy. We are excited to be part of this acquisition that unites two companies around the world in a unique mission for customers looking to install resilient and renewable energy infrastructure,” said Lars Meisinger, CEO Aquila Capital Growth – “It has been a pleasure to work alongside the Ameresco team on this opportunity, positioning ourselves for further partnerships in the future”.
The acquisition is expected to close in March 2023. Financial terms of this acquisition were not disclosed.