Transaction summary

AMSTERDAM, April 29, 2021 – Joulz today announced the signing of a definitive agreement to buy Zonel, a leading provider of solar rooftop solutions to businesses across the Netherlands. Joulz was acquired by 3i Infrastructure plc in 2019. Zonel is Joulz’ second acquisition in the Netherlands following the acquisition of GreenFlux’s EV charging station business in 2020. The acquisition of Zonel, which will be renamed Joulz Solar Energy, will increase Joulz' turnover by approximately 20% and is part of Joulz’ strategy to expand into other energy transition related products and services for the B2B market.

Official press releases: Joulz, 3i Infrastructure and Zonel

Emendo Capital acted as financial adviser to Joulz.

About Joulz

Joulz is a leading owner and provider of essential energy infrastructure equipment and services in the Netherlands. It leases essential energy infrastructure equipment and meters to a large and diversified customer base of industrial, commercial and public sector customers. It has two business units: Infrastructure Services and Metering. Joulz is set to benefit from the Dutch government’s commitment to decarbonise the economy, the ‘Energy Transition’, which will increase electricity consumption and demand for Joulz’s equipment and services. Joulz is headquartered in Delft and has more than 150 employees.

For additional information on Joulz, visit www.joulz.nl.

About 3i Infrastructure

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, an approved UK Investment Trust (with effect from 15 October 2018), listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. It is a long-term investor in infrastructure businesses and assets. Its market focus is on economic infrastructure and greenfield projects in developed economies, principally in Europe, investing in operating businesses and projects which generate long-term yield and capital growth.

For additional information on 3i Infrastructure, visit www.3i-infrastructure.com.

About Zonel

Zonel is a leading provider of solar rooftop solutions to businesses across the Netherlands. Zonel offers a total solution for both roof-mounted and ground-mounted solar projects and provides advice regarding subsidy schemes, financing, insurance and technical development. Zonel has realised solar installations for, amongst others, Damen Yachting, Ingram Micro and the IPKW Cleantech Campus

For additional information on Zonel, visit www.zonel.nl