Voltalia has entered into exclusive acquisition negotiations with the shareholders of Helexia.
With the contemplated acquisition, and to adapt to this new energetic situation, Voltalia is building a platform in Europe and emerging countries to offer cheap renewable electricity (corporate PPAs), PV rooftops used for self-consumption or injection into the grid and energy efficiency services to corporates.
Helexia is currently owned by the Mulliez familly via Creadev, which is also Voltalia's majority shareholder. The entry into exclusive negotiations was approved by Voltalia's Board without the Creadev and Mulliez family representatives taking part in either the deliberations or the vote, and the acquisition price, which may be paid in Voltalia's shares, will be evaluated by an independent expert.
Furthermore, the management of both companies has identified a number of synergies facilitated by the geographic proximity of the two players: creating a coordinated commercial offer to clients from the industry and services sectors, implementing Helexia in emerging countries where Voltalia is already present, mutualizing supervision services of PV rooftops and savings on purchases.
The definitive signing of the documentation and the finalizing of the transaction are expected during the third quarter of 2019, after consultation of staff representative bodies and subject to the parties' agreements on the transaction's final terms.
"This acquisition project is in line with our growth strategy in solar energy whose competitiveness is on the rise. With Helexia, we ambition to build a green energy one stop shop for corporates: we would enable clients to benefit from the drop in renewables' costs, by offering them cheaper electricity and energy efficiency services." comments Sebastien Clerc, CEO of Voltalia.
"We are looking forward to the prospect of joining teams animated by the same values as ours, at the service of a green and competitive energy. Together with Voltalia we intend to serve our clients in a larger number of countries, especially emerging, and offer them, along with our existing solutions, power purchase contracts for cheap electricity coming from Voltalia's plants" adds Nicolas Mayaud, CEO of Helexia.
