Ara Partners Acquires a Majority Interest in Wattstor - Seite 2

Myles O'Shaughnessy, Managing Director at Ara Partners, commented, "Wattstor provides a unique and highly compelling automated behind-the-meter solution allowing its I&C customers to reduce their carbon footprint and save on costs, while increasing energy security. Wattstor's offering is fully aligned with Ara's sustainability principles and our ongoing focus on proven technologies for sectors requiring investment to decarbonise. We are thrilled to partner with Stephan, the broader Wattstor team and Janom to further accelerate the already strong growth trajectory of the business, its people, technology and vision."

Ján Miškovský, Chairman of the board and owner at janom, commented: "We are delighted to establish a partnership with a strong investor such as Ara Partners. Our partial exit from Wattstor is a markable milestone on our journey, which started almost ten years ago. We believe the business will accelerate its growth using the synergies and experience of its shareholders and management and will benefit many customers worldwide."

Press Contacts:
Wattstor:
Abigail Hulls, Head of Marketing,
[e-mail] 07929 373484

Ara Partners:
Mark Semer / Alex Jeffrey
Gasthalter & Co.
212-257-4170
[e-mail] 

About Wattstor

Wattstor empowers energy freedom. Businesses and communities are pushing for their energy to be more sustainable, less costly, and better optimised towards markets. Simple-yet-sophisticated flexible energy management technology is the key, Wattstor is the partner.

Wattstor is a pioneer in energy management systems. Our automated technology enables electricity end-users to harness the power of renewables, storage, load and EV charging to deliver carbon-reduction and cost savings. We do this through intelligent control of onsite distributed energy resources, ensuring the best ROI within grid constraints, and maximising participation in electricity markets, all without risk.

Website: https://wattstor.com/ 

About Ara Partners
Ara Partners is a private equity and infrastructure firm focused on industrial decarbonization investments. Ara Partners invests in the industrial and manufacturing, chemicals and materials, energy efficiency, green fuels, and food and agriculture sectors, seeking to create companies with significant decarbonization impact. It operates from offices in Houston, Boston and Dublin, Ireland. Ara Partners closed its second fund with approximately $1.1 billion in capital commitments in September 2021.