Press release
VERGNET initiates the sale of its Brazilian subsidiary as part of its exit strategy
Ormes, March 27, 2024 – 7 p.m.
As part of its strategic restructuring, VERGNET today announces the sale of its Brazilian subsidiary to a photovoltaic player in Brazil. The move marks another step in the company’s strategy to overcome current financial challenges, refocus on more lucrative market segments and drive growth in key regions where it is already a leader such as Asia-Oceania .
This operation with a renowned photovoltaic player in Brazil not only validates the value and potential of the activities developed by the subsidiary but also opens new perspectives for VERGNET in its mission to provide innovative and efficient renewable energy solutions in its domestic market.
Vincent de Mauny, CEO of VERGNET, underlines the importance of this decision: “The sale of our subsidiary in Brazil is essential to refocus our strategy on regions and projects where we can maximize our know-how and our growth potential. We are particularly excited to strengthen our presence in the Pacific, where VERGNET Pacifique is showing impressive growth, and to seize the growing opportunities in Europe.”
The company is determined to navigate this transition period by maintaining its commitment to innovation, sustainability, and long-term success, thus affirming its role as a pioneer in the global energy transition.
About Vergnet SA
The Vergnet group is an expert in the production of renewable energies (wind, solar, hybrid) on non-interconnected networks. With unique technologies, the Group has developed the Hybrid Wizard, a hybrid system controlling in real time the share of renewable energy injected into the electricity network while guaranteeing safety and operational security for island or isolated networks.
The Group has already installed 1,000 wind turbines and 402 MW of all energies combined. It is present in more than 50 countries and brings together 200 employees in 11 locations.
Vergnet has been listed on Euronext Growth since June 12, 2007. (FR001400JXA2- ALVER)
The Vergnet share is eligible for the PEA-PME
CONTACTS
Vergnet Group | Aelium |
This publication has the “🔒 Actusnews SECURITY MASTER” service.
– SECURITY MASTER Key:
lXBqacpql2zJyXGfZMdtaGRkbmdmmWeYZpebmGSda8fIb2+RmJqTacfKZnFlnG1m
– To control this key:
https://www.security-master-key.com.
Regulated information:
Inside information:
– Issuer operations (acquisitions, disposals, etc.)
Full and original press release in PDF format:
https://www.actusnews.com/news/84780-cp_arret_filiale_bresil_vf.pdf
© Copyright Actusnews Wire
Receive future company press releases free of charge by email by subscribing to www.actusnews.com