One of the sections of this agreement contemplates the acquisition by the Mtech Group of the Binoovo Solar division.
The agreement between Binoovo Smart Industry, a Spanish company of reference in integrated solutions for the digitization of industry belonging to the Binoovo Group, and Mtech Group, a leader in the engineering and manufacture of electrical panels for the Renewable Energy, Energy and Railway sectors, strengthens the commitment to innovation and internationalization of both companies in their markets of reference.
This agreement follows the strategic decision of the Binoovo group to strengthen its presence and leadership in the industrial sector, for which it was necessary to seek a partner to develop externally its Binoovo Solar division. A strategic partner with the same business values, committed to renewable energies and a leader in its sector. That is why Mtech Group becomes from today the company that leads the business of Binoovo Solar.
Binoovo Solar is a project with wide market recognition and rapid growth rates, which is ready to be taken to the next stage. In just three years of creation, it has positioned itself among the top ten companies in the electricity market for photovoltaic parks, doubling its turnover, and participating in reference projects in four continents.
Mtech Group, with more than 15 years of experience in the engineering and manufacturing of electrical panels for photovoltaic parks, as well as their associated substations, is consolidated as a global partner of integral solutions in everything related to the monitoring and control of a photovoltaic plant, as well as the necessary electrical protections in all types of installations.
The union of both value propositions represents the culmination of the relationships maintained over 3 years by the two Spanish companies, which will allow them to achieve their growth and expansion objectives for the coming years: Binoovo focusing on the industrial sector and Mtech Group focusing on strengthening the innovation and internationalization of its solutions for the Renewable Energy, Energy and Railway sectors.
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