French technology company Areva has acquired a 70% stake in Koblitz, a Brazilian provider of integrated solutions for power generation and co-generation from renewable sources.
With branches in Sao Paulo and Sao José do Rio Preto, the largest sugarcane growing areas of the country, Koblitz’ core business is the supply of turnkey services for the construction of biomass and small hydro-electric power plants.
Areva will bring project management and Engineering, Procurement and Construction skills to the company, which will also benefit from Areva’s substantial balance sheet.
Bertrand Durrande, Executive Vice-President of the Renewable Energies business unit of Areva, said: ‘This acquisition is a significant step for our biomass activities. After the 2007 acquisition of Multibrid, it confirms the will of the group to build up a renewable industrial division.’
Founder Luiz Otavio Koblitz and the main managers of the company will maintain a 30% stake in Koblitz.