Sonepar France acquired a majority stake in Alliantz, a privately-owned distributor of photovoltaics and energy efficiency solutions. According to the press release, Alliantz is a big player in the French photovoltaic market that focuses on specialized installers of solar solutions in the residential and small commercial segment.
According to the press release, Alliantz had revenues of approximately €60 million (roughly $64 million) in 2022, serving over 1,000 customers and employing 50 associates. This acquisition will enable Sonepar France to build up a strong presence in the photovoltaic market, a strategic fast-growing vertical where Sonepar is already active in many countries.