The Romanian subsidiary of French utility group Veolia (EPA: VIE) has obtained a controlling share in General Me.el Electric (GME), a Romanian company specializing in electrical system installation, solar project development, and battery energy storage solutions.
This transaction enables Veolia Romania to offer comprehensive energy services and strengthens its capabilities in electrical infrastructure and solar power plant construction. Although the financial terms were not disclosed, the company stated that the move supports its expansion strategy and enhances its ability to meet local market demands.
Founded in 1993, GME designs and maintains electrical systems for residential, commercial, and industrial clients. It is also engaged in developing solar photovoltaic power plants and battery energy storage systems. The company’s project portfolio includes more than 200 MW of generation capacity, featuring a 62 MW solar park currently under development and over 15 MWh of battery storage.
GME reported revenues exceeding €37 million (approx. $45.5 million) in the previous year. Projections indicate that revenue will surpass €50 million within the next five years.
The acquisition is consistent with Veolia’s group-wide GreenUp initiative, which emphasizes renewable energy transition. Following the completion of the transaction, all 180 employees of GME will transfer to Veolia Romania.
