Ameresco is expanding its clean energy projects portfolio in Italy with a deal to buy Enerqos Energy Solutions.

NYSE-listed Ameresco has agreed to buy the Milan-headquartered renewable energy and energy efficiency firm headquartered in Milan for an undisclosed sum.

Enerqos, which has been operating for more than 15 years, has a portfolio of cost-saving and carbon-reduction projects across multiple markets in Italy, including healthcare, real estate, retail and residential.

Ameresco already offers clean energy solutions in several European countries, including the UK, Ireland and Greece.

George Sakellaris, president and CEO of Ameresco, said the acquisition further strengthens Ameresco’s global presence by expanding its footprint and adding a new pipeline of work throughout Italy.

“Ameresco’s mission is to create a more sustainable future for our customers, and we see the acquisition of Enerqos as extending our proven track record of providing significant renewable energy and energy efficiency solutions to entities across North America and Europe that increase energy savings and lower carbon emissions.”

Enrico Giglioli, CEO of Enerqos, said: “Enerqos was built on a commitment to developing renewable energy solutions and establishing emission reduction targets, so as to usher in a greener, better future for all.

“As a leader in the cleantech space, Ameresco shares this belief and has a demonstrated history of implementing innovative technologies that deliver clean energy and enhance overall security, reliability, and resiliency.”

Lars Meisinger from Aquila Capital, acting as financial adviser to the seller, said: “We are extremely pleased to be part of this acquisition combining two companies across the globe into a singular mission for customers seeking to install resilient and renewable energy infrastructure.”

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