The deal, which is expected to close in the fourth quarter of this year, values Kenter at close to 700 million euros including debt, a source with knowledge of the transaction told Reuters.
OMERS, which has C$124.2 billion in assets under management according to its website, has been active in investing in energy transition assets in the last few years. Following the acquisition, APG and Omers plan a partnership between Kenter and another company in its portfolio, Groendus which builds and operates rooftop solar and storage products, meters and electric vehicle chargers for industrial businesses.
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