Energy efficiency solutions provider Mark Group has acquired Solgen Group, a market leader in commercial and industrial solar PV installations in Australia.
The group will operate as a fully merged entity, which Mark Group Chief Executive David Brown said is ideally positioned to capture a leading share of the forecast growth in the residential, commercial and industry segments.
“This merger combines two great businesses with talented people, great customer solutions and a suite of high quality brands,” Mr Brown said.
“Together, we provide a scale and level of expertise that allows us to deliver on our strategic intent to be the leading provider of quality renewable solutions in the region,” he added.
Solgen founders David Naismith and Joe Coco will remain as Directors of Solgen Group and join the senior executive team of the combined group, reporting to Mr Brown.
Mr Naismith said it was a logical fit for the business to merge into an enlarged group.
“Today’s announcement is exciting news for the Solgen team, our customers and our business partners. We share the passion and vision of the Mark Group team to be the leading renewable energy provider in the region,” he said.
“The combination of these businesses immediately enhances the scale and capability across the group. Our combined industry experience positions the group for significant growth opportunities as the solar industry matures to become a critical element of the mainstream energy market.”
Mark Group was formed in 2009 and has established itself as one of the market leaders in the residential solar PV installation segment, with over 21,000 energy efficiency installations completed in the past six years.
Solgen Group was formed in 2008 and is responsible for many solar installations for high-profile commercial and government clients.