EESL unit buys UK-based Edina for $76 million

A subsidiary of Energy Efficiency Services Limited (EESL), EESL EnergyPro Assets Limited, has acquired UK-based power generation solutions provider Edina Power Services for $76 million (Rs 4.93 billion). The acquisition will allow EESL to expand its footprint in the UK’s $8.4 billion market for energy efficiency products and services. The deal will also enable the company to improve its offering in the energy service contract model for combined heat and power technology. EESL EnergyPro is a JV between EESL, which holds an 80 per cent stake, and UK-based EnergyPro Assets Management Limited, which owns 20 per cent.