https://www.youtube.com/watch?v=Wvl8Clp7TrE&t=1s

CEO comment:

Soltech once again delivers very strong growth during the first quarter of 2022. We reach a full SEK 287.5 million in revenue, which corresponds to 143 percent growth in Sweden. The quarter began with unusually high rate of sick leave due to Covid-19 and related family quarantine rules, and on February 24, Russia's offensive war against Ukraine started. In other words, an unusual and tough quarter, which we still manage to navigate through in a good way. Our organic growth was as much as 43 percent, which is a figure to be proud of for all our employees.

FIRST QUARTER IN BRIEF

• The Group's revenues in the quarter amounted to SEK 287.5 (145.2) million, an increase of 98%.

• The Group's revenues in the Swedish operations amounted to SEK 287.5 (118.1) million, an increase of 143%.

• The Group's organic growth amounted to 43 (56) %.

• The Group's profit before depreciation (EBITDA) amounted to SEK -38.5 (-8.3) million. EBITDA was negatively affected by earnings from participations in associated companies by SEK -5.1 million. EBITDA has also been negatively affected by price increases for components as well as continued investments and investments in both new acquisitions and existing subsidiaries, which drives increased costs.

• The Group's operating profit (EBIT) amounted to SEK -53.2 (-28.4) million. EBIT has, in addition to the above-mentioned effects on EBITDA, been affected by increased depreciation as a result of acquisitions.

• The Group's EBITDA in the Swedish operations amounted to SEK -38.5 (-26.7) million and EBIT -55.3 (-35.6) million.

• Profit after tax for the period amounted to SEK -53.2 (-18.2) million.

• Cash flow for the period from operating activities amounted to SEK -71.2 (-4.7) million.

• The period's cash flow for the Group amounted to SEK -80.2 (-101.7) million.

• Earnings per share amounted to SEK -0.52 (-0.33).

• Covid-19 affected the Swedish operations during the first quarter, mainly in the form of sick leave and family quarantine.

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

Significant events in subsidiaries:

• ESSA Glas & Aluminum AB has won a contract for the execution of a façade contract with construction starting during the summer of 2022. The assignment is carried out for the Stockholm Region, through Locum AB, and has an order value of SEK 92 million.

• Soltech Energy Solutions and Falkenklev Logistik are deepening their collaboration. In addition to the 1.5-hectare solar park that Soltech will build, both companies, together with Scania, will also build Sweden's largest charging and battery park for electric trucks. The project is part-financed by the Swedish Environmental Protection Agency.

• Soltech Energy Solutions will build Sweden's largest solar park connected to only one industry for Åbro Bryggeri in Vimmerby. The solar park will cover an area of 10 hectares and will contribute to Åbro Bryggeri becoming completely self-sufficient in solar. The park is planned to be commissioned during the latter part of 2022.

Acquisitions:

• Soltech has acquired the remaining 30% of the shares in the subsidiary Fasadsystem i Stenkullen AB, which after the acquisition is a wholly owned subsidiary.

• The remaining 40% of the shares in the subsidiary Din Takläggare i Värmland-Dalsland AB have been acquired and the company is now a wholly owned subsidiary. At the same time, the Group made its first additional acquisition by acquiring 100% of the solar energy company Solexperterna Värmland AB, with effect from 1 April 2022. The acquired company will be part of the now wholly owned subsidiary Din Takläggare.

SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD

International acquisition:

• Expansion outside Sweden. Soltech has acquired 53.3 percent of the shares in the Dutch solar energy company 365 Energie Holding B.V. (365zon) based in Eindhoven, the Netherlands. The acquisition of 365zon is financed entirely from its own cash and with newly issued Soltech shares. The company had sales of SEK 250 million in 2021 and is estimated to have sales of approximately SEK 350 million in 2022 with an operating profit of approximately 10%. Since 2012, 365zon has completed over 20,000 successful installations and with its nationwide installation capacity, the company now has an average of approximately 6,500 solar cell installations annually in the Dutch housing market.

Significant events in subsidiaries:

• Soltech Energy Solutions has been commissioned to build a 38,000 sqm solar energy solution for Coop Sverige AB consisting of CFP-certified panels with recycled silicon from Norway and silicon from Germany and the US. The facility will cover half of the entire property's electricity needs. Commissioning is planned for the turn of the year 2022/2023.

• Soltech Energy Solutions and Provektor have been commissioned to build panel installations for solar energy solutions at three ICA stores. Commissioning of the first facility in Borås is planned for the summer of 2022.

Other:

• Soltech's Annual General Meeting was held on May 12, 2022. It was decided, among other things, that the Board was given renewed authorization to decide on new issues of shares and / or convertibles and / or warrants, that the Board & CEO were granted discharge for the past year.

* Soltech Energy Sweden AB's subsidiary Advanced Soltech Sweden AB (ASAB) was listed on the Nasdaq First North Growth Market on October 29, 2021 and was thus deconsolidated from the Group. The comparative figures are not recalculated with this in mind.

Adoption of income statement and balance sheet
The Annual General Meeting approved the income statement and balance sheet for the Parent Company as well as the consolidated income statement and consolidated balance sheet for the financial year 2021.

Disposition of results
The Annual General Meeting resolved that no dividend be paid for the financial year 2021 and that the accumulated profit be transferred to a new account in accordance with what appears from the administration report.

Board of Directors and CEO
The Annual General Meeting granted the Board members and the President discharge from liability for the 2021 financial year.

The Annual General Meeting elected the Board members Mats Holmfeldt, Vivianne Holm, Hellen Wohlin Lidgard, Göran Starkebo, Johan Thiel and Stefan Ölander. Mats Holmfeldt was elected Chairman of the Board.

Auditors
The Annual General Meeting resolved to re-elect the registered auditing company PwC with the authorized public accountant Claes Sjödin as the principal auditor.

Board and auditor fees
The Annual General Meeting resolved that board fees shall be paid in the amount of SEK 500,000 to the Chairman of the Board and SEK 250,000 each to other Board members. The AGM resolved that the fees for a member of established committees shall be SEK 40,000 per person and committee. The chairman of the committee shall receive a fee of SEK 60,000. A member who is reimbursed by the company due to employment shall not, however, receive board fees, either in the parent company or subsidiaries.

Other proposals and decisions
The Annual General Meeting resolved to approve the Board's proposal in accordance with the notice of:

• Decision to adopt proposed guidelines on nomination committee principles

• Changes in the Articles of Association:
  • Increase of the share capital to a minimum of SEK 3,000,000 and a maximum of SEK 7,500,000
  • The number of shares is a minimum of 60,000,000 and a maximum of 150,000,000
• Renewed authorization to decide on a new issue of shares and / or convertibles and / or warrants.

The minutes of the Annual General Meeting will be published on the Company's website www.soltechenergy.com/investor/corporategovernance

More information is available at www.soltechenergy.com.

Soltech Energy Solutions is a nationwide solar energy company that, together with other community builders, supports property owners, industries, and landowners with large-scale solar energy solutions. The company has has signed an agreement to build a large roof-mounted solar energy solution on Infrahub's property in Södra Stigamo, a logistics area, in Vaggeryd municipality.

– It feels great to be able to help Infrahubs and Svenska Retursystem with this sustainable initiative. It will be one of the largest roof-based solar installations in Sweden and will produce large amounts of green energy for the business and at the same time make secure a solution less sensitive to high electricity prices, says Rickard Lantz, Business Development Manager, Soltech Energy Solutions.

Food logistics with a focus on sustainability
Svenska Retursystem develops the grocery industry's common reusable system for distribution of goods based on a completely circular process. The new logistics facility in Vaggeryd will have one of Sweden's largest roof-placed solar installations with an estimated annual production of 3.7 GWh.

– In the power shift to renewables, solar energy plays an important part. Svenska Retursystem has high goals for increased sustainability in the reusable system. By adding more renewable energy to the existing electricity system, we can help the change to renewable energy instead of fossile energy. We are pleased that Infrahubs have agreed with Soltech on a large roof-mounted solar energy solution at our upcoming logistics facility in Vaggeryd, says Hans Byström, Purchasing Manager, Svenska Retursystem.

The solar energy company Soltech Energy Solutions develops solutions for large landowners, property owners and logistic businesses with large-scale solar energy projects as well as charging and storage solutions.

The solar energy company will now build a 4,000 sqm solar energy solution for ICA Fastigheter in Borås on the property for Maxi ICA Stormarknad. In addition to Soltech Energy Solutions, Provektor, an electrical engineering company in the Soltech Group, will carry out the electrical installations.

The solar energy solution in Borås is the first in a series of installations that the Soltech Group will carry out for ICA Fastigheter. During the spring and summer, solar installations will also be constructed on three of ICA Fastigheter's retail properties in Ludvika, Halmstad and Nacka.

– It feels fantastic that we can help ICA Fastigheter with several large-scale solar energy solutions. The solar installation in Borås will be the first to be constructed and it feels great that the first panel is now being installed, says Jesper Ståhlberg, Key Account Manager, Soltech Energy Solutions.

Another unusual year has come to an end, and we are proud to have been able to deliver such a strong 2021 as we have done, given the effects of the Corona pandemic.

We land on total revenues of SEK 951.8 million (499) from operations and deliver 91% growth at Group level, excluding revaluation effects from the special listing of Advanced Soltech of SEK 288 million. The Group's operating profit (EBIT) amounted to SEK 150.7 (42.8) million, an increase of 252%.

We are very humble going forward in 2022, due to the Corona pandemic still raging in large parts of the world and not least due to global developments after February 24 with the war in Ukraine. But both the Corona pandemic and the war will come to an end and then we look forward to an even stronger market growth.

For a complete report of the 2021 accounts, please refer to the attached annual report, including the auditor's report.

The annual report in its entirety, together with the auditor's report, can also be read and downloaded from Soltech Energy Sweden AB's website: htps://soltechenergy.com/investerare/finansiella-rapporter-kalender/

For a printed copy please order at: Info@soltechenergy.com

The solar energy company Soltech Energy Solutions develops large-scale solar energy projects as well as charging and storage solutions for landowners, property owners and logistic developers. The solar energy company will now construct a solution for Coop Sverige in Eskilstuna. Their new fully automated goods terminal will have a 38,000 square meter roof-mounted installation.

The solar panels to be installed are CFP-certified with a mixture of recycled silicon. Silicon is one of the most important components in a solar panel and the production of silicon is energy intensive. Therefore, the climate footprint of this solar energy installation is lower, and durability is a key factor for the whole life cycle of the installation.

– The solar energy solutions at Coop's product terminal in Eskilstuna will be green in a double sense as the solar panels are CFP-certified. This is a great investment by Sweden's most sustainable brand** Coop and we are proud to have been entrusted to construct and build this installation, says Jesper Ståhlberg, Key Account Manager, Soltech Energy Solutions.

Coop's terminal will be powered entirely by renewable electricity
The solar cell solution is estimated to cover approximately 50 percent of the property's annual electricity use and the remaining electricity is purchased from other renewable energy sources. A product terminal of this size has a high electricity consumption, which makes a solar energy extra welcome. Both to secure the supply of renewable electricity but also to reduce Coop's climate footprint.

– Acting sustainably permeates all operations within Coop. Now we are investing in the future with a new fully automated terminal in Eskilstuna and then we will of course make it as smart and sustainable as possible. For us, it became obvious to invest in a large-scale solar energy installation on the roof of the terminal. We look forward to working with our partner Soltech in the installation of Sweden's largest roof-mounted solar energy solutions, says Örjan Grandin, CEO of Coop Logistik.



*CFP-certified panels are products with a better climate footprint value in their life cycle analysis. CFP stands for Carbon footprint.
** according to Sustainable Brand Index 2021

The Board has decided that the shareholders shall be able to exercise their voting rights at the Annual General Meeting also by postal vote in accordance with Sections 22 of the Act (2022: 121) on temporary exemptions to facilitate the conduct of general and general meetings.

Exercise of voting rights at meetings, the right to participate and registration

Shareholders who wish to exercise their voting right on site in the meeting room in person or via a representative must:

On the one hand, be entered in the share register kept by Euroclear Sweden AB no later than Wednesday
4 May 2022 (for nominee-registered shares, see also “Nominee-registered shares” below), and

On the one hand, they have announced their participation in the meeting no later than Monday, May 9, 2022, at the address Soltech Energy Sweden AB (publ). Annual General Meeting, Tegnérgatan 1, 111 40 Stockholm or via e-mail to stamma@soltechenergy.com. In the notification, shareholders must state their name and social security number or company and organization number. In addition, the address, telephone number, shareholding and any assistants (maximum one) must be stated.

Shareholders may appoint a proxy. Shareholders who are represented by a proxy must issue a written and updated power of attorney for the proxy. The power of attorney is valid for a maximum of one year from the date of issue, unless the power of attorney specifically states a longer period of validity, however, for a maximum of five years from the time of issue. Authorization documents issued by a legal entity must be accompanied by authorization documents (registration certificate or equivalent). The original power of attorney and any authorization documents should be submitted to Soltech Energy Sweden AB in good time before the Annual General Meeting, however no later than 9 May 2022. Annual General Meeting, Tegnérgatan 1, 111 40 Stockholm. Proxy forms are available on the company's website, https://soltechenergy.com/investerare/bolagsstyrning/
Aktieägare som önskar utöva sin rösträtt genom poströstning skall

On the one hand, be entered in the share register kept by Euroclear Sweden AB no later than Wednesday
4 May 2022 (for nominee-registered shares, see also “Nominee-registered shares” below), and

Partially no later than Monday, May 9, 2022, register by casting your postal vote according to the instructions below so that the postal vote is received by the company no later than that day

Instructions for postal voting
To vote at the meeting, shareholders must use the postal voting form and follow the instructions available on the company's website, https://soltechenergy.com/investerare/bolagsstyrning/. The postal voting form applies as a notification to the meeting. The postal voting form must be sent:

• by post to Soltech Energy Sweden AB (publ). Tegnérgatan 1, 111 40 Stockholm (mark the envelope with "Soltech Energy Annual General Meeting")

The shareholder may not provide the postal vote with special instructions or conditions.

If this happens, the vote (i.e. the individual postal vote in its entirety) is invalid.
Further instructions and conditions can be found in the postal voting form.

Nominee-registered shares
To be entitled to participate in the Annual General Meeting, a shareholder whose shares are nominee-registered through a bank or other nominee must, in addition to registering at the Annual General Meeting, have the shares registered in their own name so that the shareholder is entered in the share register on 4 May 2022. Such registration may be temporary (so-called voting rights registration) and is requested from the nominee according to the nominee's routines at such time in advance as the nominee determines and in good time before Wednesday, May 4, 2022, when such registration must be completed.

Proposed agenda
1. Opening of the meeting
2. Election of chairman at the meeting
3. Establishment and approval of the ballot paper
4. Approval of the agenda
5. Selection of one or two protocol adjusters
6. Examination of whether the meeting has been duly convened
7. Speech by the CEO
8. Presentation of the annual report and auditor's report as well as the consolidated accounts and consolidated auditor's report for the financial year 2021.
9. Decision:
i. Adoption of the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet.
ii. Appropriations regarding the Company's earnings in accordance with the approved balance sheet.
iii. Discharge of liability for the board members and the CEO.
10. Determination of the number of board members
11. Decision on remuneration to the Board
12. Determination of auditors' fees
13. Election of board
14. Election of Chairman of the Board
15. Election of auditor
16. Resolution on nomination committee principles
17. Resolution on amendment of the Articles of Association
18. Resolution authorizing the Board of Directors to issue shares, convertibles and warrants
19. Any other decisions
20. Closing of the meeting

Proposition for resolution

Item 2 – Election of chairman of the meeting
The Board of Directors proposes that Göran Starkebo be elected Chairman of the Meeting.

Item 9 (ii) – Outline of the Company's earnings
The Board of Directors proposes that no dividend be paid to the shareholders, and that amounts available to the Annual General Meeting be transferred to a new account.

Item 10 – Determination of the number of board members
The Nomination Committee proposes that the number of board members to be elected by the AGM be six without deputies.

Items 11–12 – Determination of board fees and auditors' fees
The Nomination Committee proposes that a board fee of SEK 500,000 be paid to the Chairman of the Board and that a board fee of SEK 250,000 be paid to each of the other members of the Board. If the board establishes a committee, the fee to a member shall be SEK 40,000 per person and committee. The chairman of the committee shall receive a fee of SEK 60,000. However, a board member who is reimbursed by the Company due to employment shall not receive a fee, either in the parent company or in subsidiaries.

It is proposed to the auditor that fees be paid according to an approved invoice.

Item 13-14 – Election of board and chairman of the board
The Nomination Committee proposes the following persons to Board members and Chairman of the Board for the period until the next Annual General Meeting:

Board members

a) Mats Holmfeldt (re-election)
b) Vivianne Holm (new election)
c) Hellen Wohlin Lidgard (re-election)
d) Göran Starkebo (re-election)
e) Johan Thiel (new election)
f) Stefan Ölander (re-election)

Chairman of the Board

g) Mats Holmfeldt

Anna Kinberg Batra and Jimmie Wiklund have declined re-election for the coming period.

The Nomination Committee's proposal for new members Vivianne Holm and Johan Thiel is considered to possess the competence required to contribute to the company's expansion in a good and constructive manner. The Nomination Committee proposes Mats Holmfeldt as Chairman, who is currently a member of the Board as a member, and is considered by the Nomination Committee to have the right competence for the assignment as Chairman of the company.

Information on all proposed board members is available at www.soltechenergy.com/investor/corporate governance/

Item 15 – Election of auditor
The Nomination Committee proposes that the Annual General Meeting, for the period until the end of the next Annual General Meeting, re-elect PricewaterhouseCoopers i Sverige AB (PWC) as the Company's auditor. PWC has announced that in the event that PWC is elected, PWC will appoint Claes Sjödin as the principal auditor.

Item 16 – Decide nomination committee principles
The Nomination Committee is appointed by the Chairman of the Board contacting at least three of the largest shareholders in the Company in terms of votes as of September 30, 2022, who (if they so wish) may each appoint a representative to constitute the Company's Nomination Committee. If any of the three largest shareholders waives their right to appoint a member to the Nomination Committee, such right shall pass to the next shareholder in the order of magnitude, who has not already been offered the opportunity to appoint a member of the Nomination Committee.

It is up to the nomination committee to appoint its chairman.

The Nomination Committee shall otherwise follow the principles in the Swedish Code of Corporate Governance.

Item 17 – Resolution on amendment of the Articles of Association
The Board of Directors proposes that the Annual General Meeting resolves to amend the Articles of Association. This is in order to provide opportunities for the Board to act quickly when there is a need to issue new shares either for company acquisitions or issue procedures. The Board proposes the following:

• The limits for the company's share capital (§ 4 of the Articles of Association) change from the lowest SEK 2,000,000 and a maximum of SEK 6,000,000 to a minimum of SEK 3,000,000 and a maximum SEK 7,500,000.
• The limits for the company's number of shares (§ 5 of the Articles of Association) are changed from a minimum of 40,000,000 and a maximum of 120,000,000 to a minimum of 60,000,000 and a maximum of 150,000,000.

Item 18 – Resolution authorizing the Board of Directors to decide on a new issue of shares and the issue of warrants and convertibles.
The Board proposes that the Annual General Meeting resolves to authorize the Board to, until one or more occasions, decide on a new issue of shares and / or issue of convertibles and / or warrants until the next Annual General Meeting, even with deviation from the shareholders' preferential rights. The shares, convertibles and / or warrants must be able to be subscribed for against cash payment or against payment by set-off, by contributing in kind, or otherwise with conditions. The authorization is limited to the number of shares in the case of a new issue or in the issue of warrants and convertibles, the number of warrants and convertible debentures that may involve issuance or conversion to the corresponding number of shares, calculated at the time of issue of such warrants or convertibles. on number of shares.

Item 20 – Closing of the Meeting

Provision of documents
Annual report documents and the auditor's report as well as the Board's complete proposal as above will be kept available at the Company's offices for at least three weeks before the meeting and sent free of charge to shareholders who have notified that they wish to receive such information from the Company. All documents will also be available at the same time on the Company's website, https://soltechenergy.com/investerare/bolagsstyrning/.

Information on the number of shares and votes and on the holding of own shares
The total number of shares and votes in the company at the time of this notice was 97,140,849. All issued shares have equal voting rights. The company does not hold any own shares.

Majority requirements
Resolutions pursuant to items 16 and 17 above are valid only if they have been supported by shareholders with two thirds of both the votes cast and the shares represented at the meeting.

Shareholders' right to request information
The Board of Directors and the CEO shall, if any of the shareholders so request and the Board considers that this can be done without significant damage to the company, provide the Annual General Meeting with information on circumstances that may affect the assessment of a matter on the agenda and circumstances that may affect the assessment of the company's financial situation. The disclosure obligation also refers to the company's relationship with another group company and the consolidated accounts, as well as such matters regarding subsidiaries as are referred to in the first paragraph.

______________________________

Stockholm April 2022
Soltech Energy Sweden AB (publ)
The Board of directors

Following a qualitative procedure, Neabgruppen with operations in southern Sweden, Stockholm, Linköping and Norrköping, has entered into an agreement with one of the leading construction companies, ED Bygg. The assignment applies to electrical installations in what will be Clarion Hotel's new hotel in Södertälje, with a possible solar energy solution as an option to further contribute to the green transition. The hotel will consist of 200 rooms and will also have a gym and sky bar.

Electrical installations will start in 2022 and the project is expected to be completed in 2024 by Neabgruppen, which is a total subcontractor for the electrical installation and future solar cells. Pelle Norberg, CEO of Neabgruppen, comments on the assignment and the even closer collaboration with ED Bygg.

– It feels great that we get the confidence to carry out this assignment. We already have a very good collaboration with ED Bygg, which is now further deepened and the discussion about solar energy also aligns with both companies' focus on sustainability. Neabgruppen is ready to start up the work and this really strengthens our presence in Mälardalen, says Pelle Norberg, CEO of Neabgruppen.

The acquisition of 365zon in financial terms:

• The acquisition payment for 53.3% of the shares amounts to SEK 115.7 million *
• The acquisition is paid for with an initial cash portion of SEK 57.85 million and with newly issued Soltech shares to a value of SEK 57.85 million
• After 12, 24 and 36 months, a further total of approximately SEK 25.7 million / year * can be paid in variable additional purchase consideration if set sales and profitability targets are achieved. Which would give a total acquisition payment of SEK 192.8 million *
• Soltech has an option to buy up the remaining 46.7% after 2024 at a market valuation
• The acquisition of 365zon is financed entirely with own cash and with newly issued Soltech shares
• Soltech and 365zon's assessment is that the acquisition will contribute approximately SEK 260 million in sales during the financial year 2022 (nine months) with a positive operating profit of approximately 10%
• During the years 22-23-24, 365zon is expected to contribute with more than SEK 1,200 million in sales with an operating profit of 10%
• Synergy effects, primarily in purchasing and logistics through this acquisition, are expected to have a positive effect on sales and earnings throughout the Group

Soltech now embarks on its international expansion by acquiring a leading solar energy company in the Netherlands. 365zon was founded in 2012 and has had a successful growth journey with sales of approximately SEK 250 million in 2021. The company focuses on solar energy solutions and charging solutions for the consumer market, housing associations and members- and consumer organizations for homeowners and tenant-owners. 365zon has just over 40 employees.

365zon is one of the largest solar energy companies in the growing Dutch market where an investment in solar energy has become more and more profitable, the residents have an increased environmental awareness and several political reforms have created a rapidly growing demand for solar cells and charging solutions.

Since the start in 2012, the company has completed over 20,000 successful installations and with its nationwide installation capacity, the company now has an average of approximately 6,500 solar cell installations annually in the Dutch consumer market.

– Our international expansion now begins, which is a fantastic milestone. 365zon is a market-leading solar energy company in the Netherlands with good profitability and which is perfectly positioned to meet the increased demand for solar energy as well as charging and storage solutions in the private housing market. We are very happy to have them on board and today the journey begins towards establishing Soltech's acquisition strategy in new geographical markets, without slowing down the acquisition rate in Sweden, says Stefan Ölander, CEO of Soltech Energy.

The acquisition strategy is taken abroad
The acquisition of 365zon is Soltech's first in the Netherlands. The goal internationally is the same as in Sweden. To start with the acquisition of solar energy companies and then also acquire companies in the roofing, sheet metal, facade and electrical engineering industries with the goal of adding solar energy to their product range and transforming the companies.

A transformation strategy that benefits the customers through high quality and also creating positive synergy effects in areas such as purchasing and logistics, both for the subsidiaries in Sweden and the Netherlands.

– Soltech is a strong European solar energy company, and I am thrilled about entering the next growth phase for 365zon together with them. The main benefits of the new collaboration for 365zon are the increased buying power, having a financially strong partner to help further accelerate the growth of the company and the ability to soundboard with other solar energy companies in the rest of Europe. Working with Oscar, Stefan and the rest of Soltech's M&A team was a great pleasure, says Lars Buuts, founder and CEO of 365zon.

M&A firm Oaklins assisted 365zon with M&A advice in the transaction.

* Exact MSEK depends on the euro exchange rate