Add-on Acquisition • Renewable Energy

Enphase Acquires GreenCom Networks

On August 29, 2022, Enphase acquired renewable energy company GreenCom Networks

Acquisition Context

This is Enphase’s 2nd transaction in the Renewable Energy sector.
This is Enphase’s 1st transaction in Germany.

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M&A Deal Summary
Date	August 29, 2022
Target	GreenCom Networks
Sector	Renewable Energy
Buyer(s)	Enphase
Deal Type	Add-on Acquisition

Target Company

GreenCom Networks

Munich, Germany

GreenCom Networks is an energy IoT company, with offices in Munich, Germany, and Sophia-Antipolis, France has been developing the energy system of the future using its energy IoT platform, GreenCom integrates distributed assets like solar PV, battery storage, electric vehicles, and heat pumps. Based on its platform, GreenCom enables the white-label end customer services like energy communities, smart heating, smart charging, as well as home energy management including optimization and visualization of energy flows in homes for utilities and manufacturers of energy-relevant devices. GreenCom Networks was founded in 2011 and is based in Munich, Germany.

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Buyer Overview 1

Buyer

Enphase

Fremont, California, United States

Category	Company
Founded	2006
Sector	Renewable Energy
Employees	2,781
Revenue	1.3B USD (2024)

DESCRIPTION

Enphase is a global energy technology company that connects solar energy to every home, business, and community. Enphase was founded in 2006 and is based in Fremont, California.

Deal Context for Buyer	#
Overall	6 of 6
Sector: Renewable Energy	2 of 2
Type: Add-on Acquisition	5 of 5
Country: Germany	1 of 1
Year: 2022	2 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2022-03-15	SolarLeadFactory Oakland, California, United States SolarLeadFactory is a digital platform for installers that incorporates tools to design, permit, install, monitor, and maintain solar and battery systems. SolarLeadFactory was founded in 2012 and is based in Oakland, California.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2022-03-15

SolarLeadFactory

Oakland, California, United States

SolarLeadFactory is a digital platform for installers that incorporates tools to design, permit, install, monitor, and maintain solar and battery systems. SolarLeadFactory was founded in 2012 and is based in Oakland, California.

Buy

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