DIF Capital Partners, on behalf of its latest infrastructure fund, is acquiring a majority stake in a Dutch mobile battery solution provider.
The manager said its DIF Core Infrastructure Fund III (DIF CIF III), a fund targeting mid-sized, core-plus infrastructure companies, has agreed to acquire the stake in Greener Power Solutions.
As part of the deal, DIF CIF III will provide capital that will enable Greener to expand its service offering and achieve its growth plans in the Netherlands and abroad, DIF said.
Headquartered in Amsterdam, Greener is a market leader in mobile battery solutions in the Netherlands with a portfolio of 60 containerised mobile batteries.
Willem Jansonius, partner and head of investments for the DIF CIF strategy, said: “DIF believes that the ongoing push to decarbonise the economy and reduce nitrogen emissions will continue to increase pressure on companies to utilize clean energy solutions, as evidenced by the ongoing nitrogen crisis in the Netherlands.
“Moreover, Greener is expected to benefit from the constraints to enlarge grid capacity in the Netherlands.”
Dieter Castelein, CEO of Greener Power Solutions, said the investment of DIF Capital Partners enables the firm to achieve new goals and pursue great opportunities to further improve and expand its power solutions.
“We believe that temporary power supply will play a great role in the energy transition and we aim to make significant contributions to the acceleration of this transition.”
To read the latest edition of the latest IPE Real Assets magazine click here.