Svea Solar strengthens its market-leading position through acquisition

Svea Solar, Sweden’s largest solar energy company, has entered into an agreement with the bankruptcy estate of Sesol AB to acquire significant parts of the assets of Sesol, which was recently declared bankrupt.

The acquisition represents a strategic step in Svea Solar’s continued efforts to strengthen its position within energy solutions in Sweden and across Europe.

– Svea Solar is experiencing very positive development, with significantly improved profitability. Through this acquisition, we welcome a large customer base to Svea Solar and reinforce our position as market leader in Sweden. Going forward, our focus is to continue ensuring a secure and reliable energy everyday for our customers, says Mattias Ringqvist, CEO of Svea Solar.

– We are convinced that investments in renewable energy and efficient energy solutions are crucial for the future, and that Svea Solar will be one of the winning companies in Europe within this field, says Tore Myrholt, Chairman of the Board of Svea Solar.

The acquisition is subject to approval from the Swedish Competition Authority and an FDI notification. Svea Solar will thereafter proceed with the integration of the acquired assets.

Further information will be communicated directly to affected customers.

For more information, please contact:
Sophie Hammarskjöld
Group Head of Communications
sophie.hammarskjold@sveasolar.com
+46 76 775 13 90

Svea Solar is one of Europe’s leading solar energy companies, driving the transition to renewable energy. We offer end-to-end solutions including solar panels, energy storage, and EV charging solutions for homes, businesses, and solar parks. Our services also include energy optimization and ancillary services to maximize the potential of solar power while ensuring a balanced electricity grid. Our vision is to make sustainable energy solutions as simple as possible and accessible to more people.
www.sveasolar.com