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AltEnergis acquired by ESGTI AG

Amzeal News/10377189
a publicly listed Swiss company focused on Ethical, Social and Governance investments and activities

MAYFAIR, U.K. - Amzeal -- AltEnergis PLC, a UK-based technology development and commercialisation company announces that it has been entirely acquired by a listed Swiss investment company,  ESGTI AG (ISIN – CH0298294981) in a multi-million pound transaction.

ESGTI AG is a Swiss public company focused on Ethical, Social and Governance (ESG) investments and activites, with a number of portfolio companies, encompassing key areas of Life Sciences, AgriFood, Energy, Infrastructure and Technology.  AltEnergis has seen over £6m worth of investments into the company and its technologies from both private and public funding over the past 8 years and through this acquisition will give shareholders both a significant return on investment and a key strategic partnership for the future.

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AltEnergis was originally established to leverage and commercialise 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 commercialisation.

Tony Premi, Chairman of AltEnergis, is delighted that the company has concluded the acquisition and added "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".

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Andreas Bihrer, Chairman of the Board for ESGTI AG commented "We have followed the development of AltEnergis closely for a number of years and have identified clear synergies in the portfolio and vision of our 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.


James Dimitriou
020 8242 1691

Source: AltEnergis
Filed Under: Technology

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