Ecostal specializes in the distribution, development, and installation of photovoltaic systems for B2B clients in Belgium and France. With annual revenues nearing €300 million, the company aims to reach €1 billion by 2028, positioning itself as one of the top 10 photovoltaic equipment distributors in Europe. To fuel its expansion into high-growth markets such as Switzerland and France, Ecostal raised €24.5 million from Wallonie Entreprendre, Noshaq, and TransEnergie, a subsidiary of Resa.
Natixis Partners Belgium served as the M&A advisor to TransEnergie in this transaction
