Engie Buys Solar Systems Company Mobisol
03 September 2019 - 11:53AM
Dow Jones News
By Pietro Lombardi
Engie SA (ENGI.FR) said Tuesday it has bought Mobisol, a company
focused on off-grid solar solutions with operations in Tanzania,
Rwanda, and Kenya.
Financial details of the deal weren't disclosed.
With more than 500 employees and roughly 1,200 contractors, the
company has installed more than 150,000 solar home systems, the
French energy company said.
"With the acquisition of Mobisol, Engie expands its access to a
market of millions who are not connected to the grid and
establishes itself as the market leader on the continent," Chief
Executive Isabelle Kocher said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
September 03, 2019 05:38 ET (09:38 GMT)
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