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Press release BoxID: 922539 (nv vogt Singapore pte ltd)
  • nv vogt Singapore pte ltd
  • 35 Selegie Road
  • 188307 Singapore
  • http://www.nv-vogt.com
  • Contact person
  • Deepak Verma

nv vogt Singapore Pte. Ltd. to merge with ib vogt GmbH and expand in India

(PresseBox) (Berlin, Germany / Republic of Singapore, ) Today ib vogt GmbH and nv vogt Singapore Pte. Ltd. announce that they have agreed on a takeover of the majority shares of nv vogt Singapore Pte., the 100% shareholder of nv vogt Solar Energy (India) Pvt. Ltd., by ib vogt GmbH. Going forwards, business opportunities in India will be pursued as ib vogt India.

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.

Deepak Verma, MD of nv vogt and future regional director of ib vogt India, says: “We see new segments and new opportunities emerge in India. By combining forces with ib vogt, we will be able to better leverage a strong balance sheet and ib vogt’s best-in-class engineering, financing and construction skills, which in turn will greatly improve our ability to effectively serve this market.“

Anton Milner, CEO of ib vogt, said “We are very optimistic in regard to the developments in India and have ambitious plans going forward. Joining forces in this way will increase the market reach, available resources and capabilities in the Indian market, initially in terms of market opportunities but also thereafter in terms of leveraging our local skills and expertise across our global system.”

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.

nv vogt Singapore pte ltd

Founded in 2012, nv vogt is the partner of ib vogt. Created to focus on the emerging Asian solar markets, the company specializes in the development of solar power plants that combine excellent engineering with financial optimization in order to generate superior returns for both customers and investors.

nv vogt covers the full range of services along the solar power plant value chain, including project conception and development, financial structuring, overseeing of design and construction and providing O&M services.

www.nv-vogt.com

For further information, please contact:

nv vogt Singapore Pte Ltd | Tel: + 65 6334 9277 | deepak.verma@nv-vogt.com