ib vogt agrees to acquire majority stakes in nv vogt Singapore Pte. Ltd.
ib vogt GmbH has agreed to acquire the majority stakes in nv vogt Singapore Pte. Ltd., the 100% shareholder of nv vogt Solar Energy (India) Pvt. Ltd.
nv vogt beliefs that this step will significantly enhance and accelerate activities in the Indian market. By leveraging additional resources and building synergies with ib vogt, the prospects and needs of the rapidly growing market with increasing investment opportunities will be better served.
India is a strategic focal point and nv vogt, as a locally based developer, has considerable market experience and close relationships with numerous stakeholders in the country. The partners aim to further expand the local presence and increase investments in the country.
With immediate effect, the activities of ib vogt and nv vogt in the Indian region will be bundled directly under the umbrella of the ib vogt brand. The companies plan to complete the transaction in the 4th quarter of 2018.
Country updates
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