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Ara Partners acquires majority interest in energy tech specialist

Ara Partners, a private equity firm that specialises in industrial decarbonisation investments, has acquired a majority interest in Wattstor, a provider of automated carbon reduction and electricity cost-saving technology for small and medium-sized enterprises (SMEs) and mid-market industrial and commercial (I&C) end users. 

janom, Wattstor’s main existing investor, is to retain a minority holding in the business.

Headquartered in the UK and Czech Republic, Wattstor currently operates sites in the UK, Czech Republic, Slovakia, Croatia and Poland, and will use the new funding to increase its European foothold, launch its Energy-as-a-Service (EaaS) finance offering, boost R&D, and expand the team by more than 50% over the next year.

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