Germany-based 1KOMMA5° GmbH, acting through a Swedish holding company, has acquired a majority stake in the Finnish solar energy company Solar Age Oy.
1KOMMA5° is a German climate tech company engaged in the build-up of a European group of companies in the renewable energies sector by acquiring majority stakes in leading European electrical installation companies specializing in solar supply, energy storage and charging solutions. In reference to the climate goal of keeping global warming below 1.5 °C, 1KOMMA5° is working toward establishing Europe's first one-stop-shop when it comes to the installation of climate protection technology. Backed by reputable investors such as Porsche Ventures and Norrsken VC, 1KOMMA5° is continuing its exceptionally rapid growth.
Solar Age was founded in 2016 and is one of Finland’s leading actors in providing solar power solutions for private homes, companies and farms. As of the end of 2022, Solar Age has delivered more than 2,000 solar parks to its customers.
Lindahl acted as legal counsel to 1KOMMA5° on the Swedish elements of the transaction. Lindahl’s team consisted mainly of Moritz Veller and Ellen Nordell.
