# ENGIE acquires majority stake in Electro Power Systems

ENGIE signed a share purchase agreement to acquire a majority stake (slightly above 50%) of Electro Power Systems (EPS), a company specializing in energy storage solutions and microgrids, at €9.5 per share. The transaction is expected to close in Q1 2018.

- Type: Acquisition
- Announced: 2018-01-24
- Where: Paris, France, France
- Status: announced
- Products: energy storage solutions, microgrids
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Engie](https://endata.com/companies/999.md) (acquirer)
- [Electro Power Systems](https://endata.com/companies/29585.md) (target)

## Sources

- [en.newsroom.engie.com](https://en.newsroom.engie.com/news/engie-signs-an-agreement-for-the-control-of-electro-power-systems-a-pioneer-in-hybrid-storage-solutions-0135-314df.html), 2018-01-24: "ENGIE announces today the signing of a share purchase agreement to acquire a majority stake of Electro Power Systems (EPS) slightly above 50% of the share capital and voting rights."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.