Solar energy company Absolicon has acquired 50 % of the shares in Saravanos Solar++ AB (Solar++). Absolicon aims to enter the industrial markets with solar solutions and Solar++ fits this target as Solar++ develops and sells solar energy processing equipment. Solar++ is a subsidiary of Saravanos Group of Companies SARL. Solar++ reported a turnover of SEK 6.3m and EBIT of SEK 3.6m in 2017, corresponding to an EV/EBIT multiple of 3.1x.
