-- Marubeni (TYO:8002), through its SmartestEnergy subsidiary, has acquired a majority stake in Factor Energia for 204 million euros, strengthening its presence in the Iberian Peninsula and Latin America.
Following the deal, SmartestEnergy holds an 85% share in the business, while founder Emili Rousaud retains 15%, continues as CEO, and joins SmartestEnergy's executive committee, according to a statement on Thursday.
The acquisition of Factorenergia is a key step in the expansion of this division and contributes to the achievement of Marubeni's GC2027 medium-term management strategy and growth objectives.
Founded in 1999 and based in Barcelona, Factorenergia is an independent electricity and gas retailer in Spain, serving over 300,000 customers with products that support decarbonization, such as solar installations and EV charging points. The company has expanded internationally with subsidiaries in Portugal, Mexico, Chile, and Brazil.