RES has announced it will acquire Ingeteam’s Renewable Service division. This announcement follows the signing of a Sale and Purchase Agreement (SPA) between both parties.
Upon completion, RES will have € 35 billion of assets under management. The company will employ 4,000 people, and operate across 23 countries, while retaining its UK headquarters. Following the acquisition, RES will integrate Ingeteam’s proprietary digital solutions into its existing technology services. Ingeteam’s disposal of its Renewable Service division aligns with its broader strategy to prioritise development of power conversion technology.
