TSG strengthens its European network with two acquisitions in solar and electrical sectors

TSG has completed the acquisition of Leirivolt in Portugal and Kronenburg Techniek in the Netherlands, consolidating its expansion strategy in intelligent energy services across Europe.

Share:

TSG Group, a provider of technical services for mobility infrastructure, has made two new acquisitions in the first quarter of 2025, bringing the total number of operations carried out since the beginning of the year to five. By incorporating Leirivolt Lda in Portugal and Kronenburg Techniek B.V. in the Netherlands, the company strengthens its position in the photovoltaic, electrical engineering, and intelligent energy solutions sectors. These acquisitions form part of a continuous expansion strategy that has seen TSG complete 36 takeovers in 16 countries over the past three years.

Strengthening technical capabilities in Southern and Northern Europe

Leirivolt Lda, based in Leiria, has operated for 20 years in photovoltaic installations, industrial electrical engineering, and electric vehicle charging solutions. It primarily serves a B2B clientele in the industrial and tertiary sectors. The company was recognised as a SME Leader 2022 and SME Excellence 2021 by the Instituto de Apoio às Pequenas e Médias Empresas e à Inovação (IAPMEI). Kronenburg Techniek, located in Houten, specialises in the installation and maintenance of electrical systems and fire safety technologies, with a strong presence in Belgium and the Netherlands.

An integrated offer for mobility and industrial infrastructures

Through these integrations, TSG strengthens its ability to offer comprehensive solutions covering all energy needs of industrial, commercial, and mobility sites. The group states it has installed 55,000 electric charging points across Europe, supported by a network of 1,200 electricity experts. Simultaneously, TSG has deployed over 400 MW of solar capacity in just over a year, reinforcing its growth in the photovoltaic sector.

Operational optimisation and increased regional footprint

The acquisition of these two companies also enables TSG to intensify its regional presence in Portugal, the Netherlands, and Belgium, while maximising operational synergies through the integration of digital tools for smart energy management. The group reports that it structures its offering around an EPC (Engineering, Procurement and Construction) model, combining solar energy, charging, storage, and thermal solutions.

Jean-Marc Bianchi, Chairman and Chief Executive Officer of TSG, stated: “Leirivolt and Kronenburg Techniek bring valuable expertise and a strong presence in their respective markets, perfectly aligned with our ambitions.”

TotalEnergies ENEOS has commissioned two photovoltaic installations totalling 1.2 MWp for marine logistics group Lee Huat Yap Kee in Singapore, under two long-term power purchase agreements with no upfront investment.
TCL Solar has concluded two exclusive partnerships in Suzhou with AU Solar and Madina Solar to supply 250 megawatts of photovoltaic modules to the Pakistani market, addressing rapidly growing local energy demand.
Mitrex secures Guinness Record for the largest integrated solar facade globally, combining photovoltaics and cultural art in Edmonton, covering over 30,000 square feet with installed capacity exceeding 265 kW.
EDF power solutions completes the acquisition of the 500MW Gate Burton solar-battery project from the company Low Carbon, strengthening its presence in hybrid photovoltaic-storage solutions in the United Kingdom.
The global photovoltaic films market is expected to see significant growth, reaching $41.59bn by 2034 due to the development of new solar technologies and the increasing demand for encapsulation suited to these innovations, a recent study indicates.
Italian group Plenitude has begun building Entrenúcleos, a 200 MW photovoltaic plant near Seville, set to deliver more than 435 GWh a year from 2026 while trialling locally produced green steel.
The state-controlled refiner has launched a 7.5-megawatt photovoltaic unit off Qingdao, the country’s first commercial installation designed for fully saline waters, intended to supply its future renewable hydrogen production.
The Emirati company Global South Utilities plans to install up to 250 MW of solar capacity in Madagascar, a project aimed at strengthening the national electricity network heavily reliant on fossil fuels and frequently facing energy deficits.
Emerging economies from the BRICS group now account for more than half of global solar electricity production in 2024, driven mainly by China, India, and Brazil, according to a new report by the organisation Ember.
Star Trade, a subsidiary of HD Renewable Energy, has signed a power purchase agreement with Lightsource bp to manage electricity distribution from a 115 MWp solar project located in Chiayi, strengthening their presence in the Taiwanese market.
TotalEnergies will develop a 1.8 MW photovoltaic installation for Daehwa Pharmaceutical, covering approximately 20% of the annual energy requirements of the production site located in Hoengseong-gun, South Korea, under a 20-year agreement.
Quinbrook Infrastructure Partners announces full operational launch of Cleve Hill Solar Park, now becoming the largest active photovoltaic power plant in the United Kingdom with a total installed capacity reaching 373 MW.
European photovoltaic module manufacturer BISOL is integrating G12R solar cells into its product range, replacing the former M10 cells, to improve product performance and technological competitiveness starting from the second quarter of 2025.
Adani Green Energy Limited becomes the first Indian company to achieve 15,539.9 MW of operational renewable capacity, cementing its position among the global top 10 independent green power producers.
Italian group Pronur establishes itself in Saudi Arabia with support from AstroLabs, aiming to provide advanced technologies in the renewable energy sector and develop new industrial partnerships.
Ascent Solar Technologies, Inc. announces the launch of a $2mn public offering to finance working capital, product development and general expenses.
Ardian Clean Energy Evergreen Fund takes control of 117 photovoltaic plants totalling 116 MW in Italy, further consolidating its presence in the country’s renewable energy sector.
Zelestra has secured $282mn financing from Natixis CIB, BNP Paribas and BCI for its Aurora project, combining a 220 MWdc solar plant and 1 GWh storage capacity in the Tarapacá region, Chile.
Egypt has been building an industrial photovoltaic solar complex in Ain Sokhna since June 19, aiming to stimulate strategic local production with a total investment of $200 million funded by the Chinese group Sunrev.
Générale du Solaire has inaugurated in Leutenheim, Bas-Rhin, a floating photovoltaic plant of approximately 20 MWc installed on a former gravel pit, marking the region's first large-scale project supported by successful local participatory funding.