The partnership will support Extrapower to grow in Europe and to continue its expansion through a buy & build strategy.
H.Essers & family keep on investing in Romania, and, specifically, in sustainable solutions (renewable energy), not only in logistics. The family behind the logistics player H.Essers invests in sustainable solutions, and H.Essers brings in logistics expertise to support the growth of these companies active in construction works.
In 2022 the company had a consolidated turnover of 1.1 billion Euros in the European countries it activates.
In Romania, H.Essers has deposits in Bucharest and Oradea and activates in sectors as logistics, transport, distribution, customs, chemicals and pharmaceutics. In Romania, H.Essers represents 71 million Euros, 95 clients and almost 950 employees.
Both partners see European expansion as a buy & build a strategy that will lead to new acquisitions. The long-term growth potential of ExtraPower was the deciding factor for the acquisition by EFO.
ExtraPower was founded in 2014 by Jannes Soutaer and Tineke Serru and is active in Belgium, Romania and Spain.
“We see tremendous potential for growth in other European markets in sectors as industry, retail, investment companies and agriculture. The rest of Europe is also in need of solar parks and charging infrastructure for SMEs and the industry. When it came to helping ExtraPower actively expand and evolve into a pan-European player, H.Essers management and owners were immediately committed. Another definite advantage is EFO’s strong affinity with the renewable energy sector”, says Jannes Soutaer, CEO ExtraPower.
“This partnership excited us due to our strong belief in the future of renewable energy and our industrial background in solar energy. Essers Family Office was impressed with ExtraPower’s ability to clearly identify customers and potential growth markets. As a new partner, we will draw on our existing European network. The down-to-earth management style and clear communication also appealed to us. ExtraPower has extensive knowledge of the market, the technology, and the long-term trends. In short, we’re convinced that the ExtraPower team will help us build long-term partnerships in the energy transition market”, explains Gert Bervoets, CEO H.Essers.
ExtraPower is a Belgian company specialized in engineering, constructing, renovating, and relocating custom photovoltaic systems, and installing high-voltage cabinets and charging infrastructures.
ExtraPower currently has 37 employees and generated a turnover of 36 million euros in 2022. Founders Jannes Soutaer and Tineke Serru plan to significantly increase these figures in the next few years.
ExtraPower is active in the B2B segment, catering to both end clients and third-party clients (investors) such as 7C Solarparken. In Belgium, established names such as Samsonite (Oudenaarde), Jules Destrooper (Lo-Reninge) and Weba (Ghent) commissioned ExtraPower to install high-performing solar parks on their roofs. ExtraPower, whose portfolio also includes Umicore, TVH and Van Marcke, has considerable experience creating solar parks the size of several football pitches.
The company also has impressive figures with respect to energy conservation and CO2 reduction. Every year, ExtraPower achieves a CO2 reduction of 78,878 tones.
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