Add-on Acquisition • Renewable Energy

DNV GL Group AS Acquires GreenPowerMonitor

On July 8, 2016, DNV GL Group AS acquired renewable energy company GreenPowerMonitor

Acquisition Context
  • This is DNV GL Group AS’s 1st transaction in the Renewable Energy sector.
  • This is DNV GL Group AS’s 1st transaction in Spain.

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M&A Deal Summary

Date July 8, 2016
Target GreenPowerMonitor
Sector Renewable Energy
Buyer(s) DNV GL Group AS
Deal Type Add-on Acquisition

Target Company

GreenPowerMonitor

Barcelona, Spain
GreenPowerMonitor is a provider of solar monitoring, control and asset management systems. GreenPowerMonitor offers products and services in the renewable energy sector, with a specific focus in the photovoltaic space.
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Buyer Overview 1

Buyer

DNV GL Group AS

Høvik, Norway

Category Company
Founded 1864
Sector Engineering
Employees16,000
Revenue 15.2B EUR (2013)
DESCRIPTION

Det Norske Veritas, DNV is a company in corporate risk management related services, having a strong foothold in vessel classification and certification.


Deal Context for Buyer #
Overall 5 of 6
Sector: Renewable Energy 1 of 1
Type: Add-on Acquisition 5 of 6
Country: Spain 1 of 1
Year: 2016 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-21 Gothia Power AB

Gothenburg, Sweden

Gothia Power AB is a power system analysis company. Gothia Power service portfolio is focused on advanced theoretical analysis and measurements in power production, power transmission and power consumption.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Germanischer Lloyd Prüflabor

Hamburg, Germany

Germanischer Lloyd Prüflabor GmbH is a provider of maritime classification services for new ship building and vessels in operation.

Sell -