Edisun Power Europe AG to Acquire SMARTENERGY Group's Operations

Edisun Power Europe AG has announced plans to acquire the business operations of the SMARTENERGY Group. The Board of Directors is proposing an opting out provision and a capital increase of up to CHF 440 million to facilitate this acquisition. This strategic move aims to consolidate the operations of both companies under Edisun Power, targeting leadership in green energy solutions across various sectors.

The acquisition aligns with Edisun Power's focus on three key growth areas: renewable energy for data centers, synthetic aviation fuels and other Power-to-X (PtX) applications, and photovoltaic and wind energy paired with energy storage. Upon approval from the Annual General Meeting, Edisun Power may also undergo a name change to SMARTENERGY and relocate its headquarters to Wollerau.