Caldor Solar and Zetta Home Services will now contribute to the Irish arm of the Dutch private equity firm’s portfolio of companies focused on decarbonising the economy.
Private equity firm Waterland Ireland has acquired a majority stake in two Irish energy technology companies, Caldor Solar and Zetta Home Services, in a €50 million investment to expand the group.
Waterland, the Irish arm of a Dutch private equity firm founded in 1999, first entered the Irish market with the acquisition of nursing home operator Sliver Stream Healthcare in 2019. The NetZero Group focuses on companies that can help decarbonize the atmosphere.
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Cador Solar is a renewable energy company based in Co Kildare. It specializes in making solar panels for residential and commercial properties across Ireland. Following the acquisition, Waterland will add the company’s solar PV products to its portfolio.
“Once an almost wistful but costly idea, installing solar panels is fast becoming the cleanest and easiest way for homeowners and businesses alike to realize significant long-term energy savings,” reads an announcement from Cador Solar today (13 June).
“Waterland’s new supergroup (NetZero) of energy saving enthusiasts means that together we can make solar energy more affordable and accessible to properties across the country.”
Meanwhile, Zetta is a heat pump service and solar PV installation company based in Dundalk. It was founded in 2022 by Gearoid Harvey, an experienced heat pump engineer and plumber.
“As part of a €50 million investment to accelerate Ireland’s transition to renewable energy,” Cador Solar added, “Waterland Ireland is financing selected companies with a shared vision: that of a cleaner, more sustainable Ireland.”
In addition to the Netherlands and Ireland, Waterland is active in nine countries in Europe with more than 190 employees, including Belgium, Germany, Switzerland, Denmark, Norway, France, Spain, Poland and the United Kingdom.
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The full article is available here. This article was published at Private Equity Insights.
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