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

Berlin/Germany, Republic of Singapore, 19/09/2018. 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.