Sangam India Ltd has acquired CGE II Hybrid Energy Pvt. Ltd. for an undisclosed amount, marking a significant corporate transaction. This acquisition sees Sangam India Ltd take full ownership of CGE II Hybrid Energy, a company dedicated to providing advanced energy solutions. CGE Energy, an established energy solutions provider, specializes in utilizing leading efficiency and generation technologies to help clients achieve substantial energy savings and sustainability goals.
With a history in the alternative energy industry dating back to 1989, CGE Energy stands as one of the nation’s pioneering Energy Service Companies (ESCOs). The firm has a track record of enabling customers to realize over $30 million in energy savings and reduce total energy consumption by more than 300 million kilowatt hours. Its comprehensive offerings include the CGE Sustain program, which allows for the installation of energy efficiency and renewable energy technologies such as Solar PV, Wind, LED Lighting, and Combined Heat & Power, often with no upfront costs, by turning energy bills into a resource for capital projects.
This strategic acquisition positions Sangam India Ltd to expand its footprint within the growing sustainable energy sector. By purchasing CGE II Hybrid Energy Pvt. Ltd., Sangam India Ltd gains immediate access to CGE Energy's proven expertise, established client base, and proprietary energy efficiency models. The move is expected to leverage CGE Energy's 30 years of industry experience and its full-service approach, which spans engineering, financing arrangement, project management, and post-installation maintenance and guarantees.
The integration of CGE Energy's capabilities into Sangam India Ltd is anticipated to create substantial synergies. It will enable the combined entity to offer a broader spectrum of sustainable energy solutions, enhance operational efficiencies, and accelerate the adoption of clean energy technologies across various sectors including business, nonprofit, and government. The acquisition underscores a clear strategic intent to drive innovation and provide impactful environmental and financial benefits to a wider market.