01:58 AM EDT, 08/24/2026 (MT Newswires) -- Edisun Power Europe (ESUN.SW) on Sunday signed a deal to acquire the operations of its long-standing strategic partner Smartenergy Group, to a Monday release. Smartenergy has provided a 440 million-franc vendor loan to the Swiss solar energy company to fund the acquisition. Edisun Power will issue 2,016,943 shares at 218.05 francs per share to Smartenergy to set off the loan. The agreement follows the companies' plan to consolidate operations and to rename Edisun Power Europe to Smartenergy. The renaming and relocation of the company's registered office to Wollerau, Switzerland, is expected to occur by the end of 2026. Edisun Power plans to focus on renewable energy for data centers, synthetic aviation fuels and other power-to-X applications, and photovoltaic and wind energy with energy storage systems.

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