Syrma SGS Technology Ltd and Premier Energies have jointly acquired stakes in Ksolare Energy, a solar power equipment manufacturer. Syrma will purchase 49 percent for ₹1.70 billion, while Premier Energies will acquire the remaining 51 percent for ₹833 million, marking a strategic collaboration in India’s clean energy sector.
Key Developments
- Syrma SGS Technology Ltd has confirmed its plan to acquire a 49 percent stake in Ksolare Energy for ₹1.70 billion
- Premier Energies will acquire the remaining 51 percent stake for ₹833 million, securing majority control of the solar inverter manufacturer
- Ksolare Energy specializes in power electronics and solar inverters, serving both domestic and export markets
- The dual acquisition structure enables both companies to leverage Ksolare’s manufacturing and R&D capabilities for strategic expansion
- Syrma aims to integrate Ksolare’s product line into its electronics manufacturing services, enhancing its clean tech portfolio
- Premier Energies, a leading solar module and cell manufacturer, will benefit from vertical integration and expanded EPC capabilities
- The transaction is expected to close in the coming quarters, subject to regulatory approvals and final documentation
This joint acquisition reflects a growing trend of strategic partnerships in India’s renewable energy landscape, aimed at scaling innovation and infrastructure.
Sources: Syrma SGS Investor Relations, Premier Energies Corporate Disclosures, Economic Times Energy, Screener.in