Germany's Sonnen to acquire Spanish energy solutions firm Webatt

June 6 (Renewables Now) - German home batteries maker Sonnen Group announced that it is set to acquire Spain’s Webatt Energia SL, a specialist in solar PV self-consumption and energy storage solutions.

The acquisition comes after five years of history together which saw Webatt and Sonnen deliver energy storage projects in Spain’s residential and commercial market, the German firm said. Sonnen home batteries are also part of Webatt's offering.

Highlighting the growth of Spain’s PV sector over the past year, Sonnen says the takeover will enable it to increase its sales figures and create additional capacity for future growth.

“We can only achieve our vision of clean and affordable energy if our products and services are used everywhere. Expanding to new markets has always been part of our growth strategy,” said Sonnen CEO Oliver Koch.

Sonnen will not make changes to Webatt’s organisational structure in Spain, it added.

The acquisition of 100% shares in Webatt Energia hinges on regulatory approval. Sonnen expects to finalise the transaction in the second quarter of 2022. After that, Webatt Energia will operate as Sonnen Spain.

Financial details were not disclosed.