DNV bolsters energy consulting business with Antuko acquisition, NV5 acquires Sage Energy Consulting

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Representatives from DNV and Antuko at the deal’s signing ceremony. Image: DNV.

Energy advisory DNV has acquired the consulting arm of Chile-based energy price forecaster Antuko, taking aim at the Latin America and Iberia power markets.

Meanwhile US-based energy consultant Sage Renewable Energy Consulting has been acquired by fellow consultancy group NV5 Global.

Founded in 2010, Antuko provides quantitative analysis, market intelligence, risk assessment and energy price forecasts for the Chilean, Mexican and Iberian power markets, having expanded into Spain and Portugal in 2016.

To date, the company has aided the development, financing and construction of more than 4GW of new renewable energy assets, while also supporting more than 20 transactions through its M&A advisory team.

Ditlev Engel, CEO of energy systems at DNV, said the two companies had been collaborating in specific power markets for some time, noting that the combination of the duo’s services is an “excellent strategic fit”.

“Through this integration into DNV, Antuko will gain access to a much larger global network as well as the opportunity to expand its services,” Olivier Potart, founder and CEO at Antuko, added.

Financial terms of the deal were not disclosed.

NV5’s acquisition of Sage, which has managed more than US$2 billion of clean energy projects and negotiated power purchase agreements, was made using a combination of cash and stock, with NV5 stating Sage would be immediately earnings-accretive for the company.

“Clean energy is a sector with high market growth potential, as evidenced by Sage’s continued organic growth, and we are excited to add Sage’s team and capabilities to our Energy Efficiency and Decarbonisation group,” Ben Heraud, COO for energy efficiency and decarbonisation at NV5, said.

Read Next

September 16, 2021
Energy engineering firm Babcock & Wilcox is to enter the US solar market through the acquisition of a majority stake in Illinois-based solar contractor Fosler Construction.
September 14, 2021
Polish renewables developer PAD-RES is to be acquired by a joint venture established by real estate investor Kajima and private equity firm Griffin Real Estate.
PV Tech Premium
September 13, 2021
Following the release of the US Department’s Solar Futures Study, Liam Stoker assesses the downstream and upstream trends that must be realised for US solar to fulfil its potential.
September 8, 2021
Solar EPC company iSun has bolstered its presence in the US residential segment through an acquisition of installer SunCommon.
PV Tech Premium
September 7, 2021
Liam Stoker reflects on DNV’s Energy Transition Outlook as the consultancy laments the “missed opportunity” of the pandemic to reset global decarbonisation efforts. With COP26 just two months away, is terawatts of growth enough?
September 2, 2021
Reliance Industries is close to acquiring solar module manufacturer REC Group, according to media reports in India, as part of the conglomerate’s expansion into the renewable energy sector.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021