Global EcoPower S.A. (ENXTPA:ALGEP) signed a memorandum of understanding to acquire 50% in Enersol Nuevas Energias Sl from Vicent Pastor brothers, founders and shareholders of Enersol on January 14, 2015. The Vicent Pastor brothers, founders and shareholders of Enersol, would then hold to a maximum of 10% of the new entity, through the issue of new GEP shares, granted in compensation for the contribution. Enersol Nuevas Energias reported total revenues of €11 million in 2014. Manuel Ibanez of Fiprovex, Investment Banking Arm provided financial due diligence to Global EcoPower S.A.

Global EcoPower S.A. (ENXTPA:ALGEP) completed the acquisition of 50% in Enersol Nuevas Energias Sl from Vicent Pastor brothers, founders and shareholders of Enersol for €2.4 million on February 2, 2015.