Leading global law firm Herbert Smith Freehills has advised Axpo, the largest producer of renewable energies in Switzerland, on the acquisition of the French photovoltaics company Urbasolar, one of the leading companies in the French solar energy industry, headquartered in Montpellier.
The Urbasolar portfolio currently includes operating photovoltaic plants with a capacity of 187 MW. Urbasolar also holds a development pipeline of over 1,000 MW and provides services in the area of repair, maintenance and asset management.
This acquisition will permit Axpo to pursue its strategy for profitable growth in the international solar business. Urbasolar will be managed as an independent company. The company will serve as a platform to expand the solar business in Europe.
The transaction for the definitive sale is subject to permits from official regulatory authorities that must be obtained in the upcoming weeks and months.
The Herbert Smith Freehills team that advised Axpo is composed of Frédéric Bouvet, Rebecca Major, partners, Cyril Boulignat, of Counsel, on corporate matters, Mathias Dantin, of Counsel, on projects aspects, Anne Petijean, David Lacaze, partners, on real estate matters, Sergio Sorinas, partner, on antitrust aspects, Clément Dupoirier, partner, Dominique Jardin, of Counsel, on disputes matters, Emma Rohsler, partner, on employment law aspects and Bruno Knadjian, partner, on tax matters.