Elevion Group acquires the European part of Belectric, strengthening its position in the German solar market

Elevion Group

12/17/2021

The subject of the acquisition is a 100% stake in the German-based Belectric GmbH and other European parts of the Belectric Solar & Battery Group holding, such as Belectric France SARL, Belectric Solar Ltd, Belectric Italia SRL, as well as Belectric Israel Ltd. The group develops, designs, builds, and services photovoltaic power plants. The acquisition is in line with the Elevion Group’s strategy that envisages covering the entire business chain in the field of climate-neutral solutions.

"The Elevion Group is one of Germany’s largest companies in the field of modern energy solutions that focus on sustainability and climate neutrality. In recent years, the Elevion Group has nearly doubled its turnover and executes thousands of projects per year. Our customers are very interested in producing their own climate-neutral electricity, thus we decided to team up with a very successful player in this field. The German and the entire European photovoltaic market will continue to grow significantly and that creates huge opportunities for established companies like Belectric that operate in the renewable energy construction sector,” says the CEO of Elevion Group, Jaroslav Macek.

The entry of Elevion Group into the European and Israeli part of the Belectric holding also brings necessary stability for more than 500 employees. “We are looking forward to become part of the expanding Elevion Group, which is a well-known and respected specialist for innovative energy solutions in many industries in the German market. We welcome the entry of a strong partner to successfully develop and build large solar projects to support the European energy transition, to jointly enter new markets and reach new customers,” says Ingo Alphéus, the CEO of Belectric GmbH and other parts of Belectric Solar & Battery Group acquired by Elevion Group.

Belectric Solar & Battery was established in 2001 in Germany. Today, 20 years later, it is a global leader in photovoltaic power plant design, construction and operation. It was the first in the world in the solar sector to achieve an installed capacity of 1 GW through EPC construction. In total, the Belectric Group has completed more than 400 photovoltaic projects with a capacity of more than 4 GW and provides services on 2.2 GW of power plants.

In summary

Belectric GmbH and other European parts of Belectric will become one of the flagships of Elevion Group’s expansion in the solar market
For Belectric, the merger with the Elevion Group means the possibility of significant synergies in the advanced energy solutions sector and access to new customers
In total, the Belectric Group has completed more than 400 photovoltaic projects with a capacity of more than 4 GW and provides services on 2.2 GW of power plants