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Stedin Group and VolkerWessels reach agreement on Joulz Energy Solutions

Rotterdam (the Netherlands), 3 May 2018 – Stedin Group and Royal VolkerWessels have signed a provisional purchase agreement for the take-over of Joulz Energy Solutions (JES). The intention is that Visser & Smit Hanab, a VolkerWessels subsidiary, will become the owner of JES as of 1 July 2018. For JES, the take-over signifies the assurance of a powerful new owner and job security for JES’s 160 employees.

Stedin Group, which counts regulated grid operator Stedin among its member companies, focuses primarily on the energy transition and maintaining the reliability of energy grids. JES specialises in complex medium- and high-voltage applications. JES’s commercial activities (work not related to Stedin) no longer fit in with the activities and strategy of the grid operator. For that reason, Stedin Group set out to find a new owner, eventually selecting VolkerWessels as the ideal match.

Published: 04 May 2018

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