Ameresco increases European footprint with Italian acquisition
Photo | Courtesy of Kelleher & Sadowsky Associates, Inc.
Headquarters of renewable energy firm Ameresco at 111 Speen St. in Framingham
Framingham-based clean energy company Ameresco has entered into an agreement to acquire Italy-based energy efficiency and renewable energy company ENERQUOS Energy Solutions S.r.l.
The deal is expected to close in March, according to a Feb. 27 press release from Ameresco. Financial terms of the deal were not disclosed.
“This acquisition further strengthens Ameresco’s global presence by expanding our footprint and adding a new pipeline of work throughout Italy,” Ameresco President and CEO George Sakellaris said in the press release.
Ameresco already operates in several European countries, including the United Kingdom, Ireland, and Greece.
In November, the company acquired a five-megawatt wind farm in County Cork, Ireland.
On Feb. 27, Ameresco announced that its 2022 revenues were up year-over-year to more than $1.8 billion.
“We anticipate further activity in Europe in 2023 as we continue to strategically extend our presence to take advantage of this large and growing market opportunity,” Sakellaris said in a Feb. 27 earnings announcement.
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