Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  SolTech Energy Sweden AB (publ)    SOLT   SE0005392537

SOLTECH ENERGY SWEDEN AB (PUBL)

(SOLT)
  Report
SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

SolTech Energy Sweden : acquires 60 percent of the shares in Miljö & Energi Ansvar Sverige AB

share with twitter share with LinkedIn share with facebook
08/27/2020 | 06:46am EDT

On 27 August 2020, Soltech Energy Sweden AB (publ) signed an agreement to acquire 60 percent of the shares in the solar energy company Miljö & Energi Ansvar Sverige AB (MEASOL), with access on 1 September 2020. Soltech has an option to acquire the remaining 40 percent of the shares in 2024. MEASOL is headquartered in Stockholm and has eight employees and is expected to have sales of SEK 15 million in 2020 with a positive operating profit. The acquisition of MEASOL is an investment in strengthening the Group's expertise in electricity and installation and in building new business areas in the very fast-growing segments charging and IMD (individual metering and charging).

MEASOL has long been a partner of the Soltech Group and the plan is to gradually expand the business, while maintaining a good profit margin, from current levels to approximately SEK 50 million in 2023. The increase in business volume is expected to come from organic growth in combination with MEASOL adding charging and IMD to its product and service offering. In addition, Soltech expects that synergy effects within the Group in terms of joint purchasing, warehousing & logistics, marketing, HR, finance and administration will have a positive effect on earnings. The acquisition of MEASOL is financed entirely from its own cash and with newly issued shares in Soltech Energy.

CEO Stefan Ölander in a comment:

- We are very pleased to start the autumn with the acquisition of MEASOL, which stands for competence and quality. We deliver on our acquisition strategy while broadening our offering.

Marcus Nylund, CEO of Environment & Energy Responsibility Sverige AB in a comment:

- It feels completely right to join the Soltech family where there is both competence, drive, resources and synergies that we will now benefit from in our continued development.

For more information contact:

Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. Email: stefan.olander@soltechenergy.com.

Briefly about Soltech Energy Sweden AB (publ)

Soltech is a complete supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, Soltech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol, Soldags, Takorama and Fasadsystem. Soltech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 35,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com

© Modular Finance, source Nordic Press Releases


share with twitter share with LinkedIn share with facebook
All news about SOLTECH ENERGY SWEDEN AB (PUBL)
10/28SOLTECH ENERGY SWEDEN : Group signs two new orders in China that provide approx ..
AQ
10/26SOLTECH ENERGY SWEDEN : group signs orders in China that provide approx. SEK 18...
AQ
09/29SOLTECH ENERGY SWEDEN : acquires Din Takläggare in Arvika
AQ
09/29SOLTECH ENERGY SWEDEN : Eurocommercial invests heavily in solar energy with Solt..
AQ
09/28SOLTECH ENERGY SWEDEN : acquires roofing companies in Växjö and in Kalmar
AQ
09/24SOLTECH ENERGY SWEDEN : subsidiary Advanced raises SEK 131.5 million in a new is..
AQ
09/16SOLTECH ENERGY SWEDEN : ASRE signs order in China that provide SEK 15 million du..
AQ
09/15SOLTECH ENERGY SWEDEN : Advanced Soltech signs orders in China that provide SEK ..
AQ
09/10SOLTECH ENERGY SWEDEN : rights issue oversubscribed by 590 percent, correspondin..
AQ
09/08SOLTECH ENERGY SWEDEN : subsidiary Advanced investigates the possibility of carr..
AQ
More news
Financials
Sales 2019 264 M 29,7 M 29,7 M
Net income 2019 -39,9 M -4,49 M -4,49 M
Net Debt 2019 756 M 85,1 M 85,1 M
P/E ratio 2019 -22,5x
Yield 2019 -
Capitalization 1 023 M 115 M 115 M
EV / Sales 2018 11,8x
EV / Sales 2019 6,77x
Nbr of Employees -
Free-Float 100%
Chart SOLTECH ENERGY SWEDEN AB (PUBL)
Duration : Period :
SolTech Energy Sweden AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOLTECH ENERGY SWEDEN AB (PUBL)
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 17,89 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
Managers
NameTitle
Stefan Ölander Chief Executive Officer & Director
Anna Kinberg Batra Chairman
Mats Bertil Holmfeldt Chief Financial Officer
Frederic Telander Director
Göran Starkebo Director