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  5. Enphase Acquires GreenCom Networks

M&A Deal Summary

Enphase Acquires GreenCom Networks

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

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

M&A Deal Summary
Date 2022-08-29
Target GreenCom Networks
Sector Renewable Energy
Buyer(s) Enphase
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

Enphase

Fremont, California, United States
Category Company
Founded 2006
Sector Renewable Energy
Employees3,157
Revenue 2.3B USD (2023)
DESCRIPTION

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

DEAL STATS #
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.

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