Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced that it has agreed to acquire GreenCom Networks AG*.
Based in Munich, Germany, GreenCom Networks provides a software solution for customers to connect and manage a wide range of distributed energy devices within the home. The company has more than a decade of experience integrating solar inverters, battery storage systems, electric vehicle (EV) chargers, and electrical heating systems to intelligently manage consumption and optimise energy use.
IMPROVED acted as the exclusive financial advisor to GreenCom and its shareholders in this landmark intercontinental energy management transaction. Through this transaction, IMPROVED secured the optimal growth partner for GreenCom to scale its innovative solutions throughout Europe and globally. For Enphase, this transaction supports the expansion of its solution offering, providing its European (installation) partners with an advanced and complete home energy management portfolio. The technology solution will help homeowners save on their electricity bill through self-consumption, while reducing carbon footprint and reliance on fossil fuels.
Building on an extensive track record of supporting pioneers and industry leaders in energy management – i.e. Recargo on the sale to EVgo (2021), Wallbox on its business combination agreement with Kensington, ServiceHouse on the sale to Coolblue (2021), The Mobility House’s on the private placement from Mercuria and Singapore Power Group (2021), and Last Mile Solutions on the growth investment from Eurowag (2021) – this most recent transaction further expands IMPROVED’s track record in the domain.
