Germany's Sonnen Acquires 100% Of Spain's Webatt!

German residential energy storage battery manufacturer Sonnen Group recently announced its acquisition of Webatt Energia SL, a Spanish expert in solar photovoltaic self-generation and energy storage solutions. This acquisition builds on a five-year partnership between the two companies, during which Webatt and Sonnen have provided numerous energy storage projects in the Spanish residential and commercial markets, and Sonnen's residential battery products have become part of Webatt's product portfolio.

Sonnen stated that the Spanish photovoltaic industry has experienced rapid growth over the past year, and this acquisition will help boost its sales performance and create additional capacity for future development. Sonnen CEO Oliver Koch noted, "Our vision for clean and affordable energy can only be realized when products and services are widely adopted. Expanding into new markets has always been an important part of our growth strategy."

It is worth noting that Sonnen will not change Webatt's organizational structure in Spain in this acquisition. The acquisition of 100% ownership is still subject to regulatory approval, and Sonnen expects the transaction to be completed in the second quarter of 2022. After the transaction, Webatt Energia will operate under the name "Sonnen Spain."

This acquisition demonstrates the potential of the energy storage and photovoltaic (PV) markets and is significant for improving the sustainability of residential and commercial electricity use. Key terms include "energy storage batteries," "PV modules," and "residential energy storage systems," which play a central role in driving market expansion.

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