The Board of Directors is pleased to announce that on 17 September 2020 ESGTI AG entirely acquired AltEnergis PLC, a UK-based technology development and commercialization company, in a multi-million pound transaction.
ESGTI has followed the development of AltEnergis closely for a number of years and identified clear synergies in the portfolio and vision of the respective companies. Today we are proud to complete the acquisition of AltEnergis and look forward to supporting its growth across the technology sector given the strength of their portfolio and pipeline.
AltEnergis was originally established to leverage and commercialize technologies and IP arising from specialist UK research institutions, with particular focus on the cleantech, electronics and engineering sectors. The company established a number of formal agreements with universities across the country, including Oxford, Durham, Loughborough, Lancaster and Swansea. Over the past few years AltEnergis has significantly developed a broad range of technologies ranging from energy harvesting, micro-electronics, sensing and industrial biotechnology. This new partnership ensures the continuum in technology commercialization.
Tony Premi, Chairman of AltEnergis, commented “AltEnergis has seen significant growth since inception and I believe ESGTI is the perfect partner to support the next phase of growth for the company. With a number of strategic alliances and their focus on ESG investing we are confident that the next few years will be a period of exponential growth with further portfolio expansion and a step into new markets and opportunities”.