Wickes acquires majority stake in Solar Fast for £5.1M, seeking to expand into home energy solutions.
Wickes, a UK home improvement retailer, has acquired a majority stake in solar panel installation company Solar Fast for £5.1 million, with an option to purchase the remaining 49% stake in the next five years. The deal values Solar Fast at up to £36 million, as Wickes seeks to expand its product range into home energy solutions. The move follows the company's announcement of better-than-expected annual profits.
March 19, 2024
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