Bucharest, January 16, 2025 – Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and Romania’s national leader in renewable energy, announces the opening of a new subsidiary in Essen, Germany. This initiative marks a strategic step in the group’s international expansion, which began with the opening of a subsidiary in the Republic of Moldova in 2021.
“The opening of the German subsidiary is a natural decision that reflects our commitment to being closer to our clients and intervening swiftly to enhance the efficiency of photovoltaic power plants. Since 2012, we have collaborated with one of Europe’s largest inverter manufacturers, providing interventions in photovoltaic parks across Romania and Europe. In 2024, we announced that opening this subsidiary would be our next strategic step, and we are thrilled to see this objective materialize. The Essen subsidiary allows us to respond more promptly to the needs of clients in Germany and neighboring countries such as Belgium, the Netherlands, France, Austria, and Switzerland, thereby reducing equipment downtime and improving performance. Our goal is to transfer the expertise we have developed in Romania to one of Europe’s most advanced renewable energy markets. By establishing this subsidiary, we strengthen our position in the photovoltaic energy sector and create a bridge for new strategic partnerships. Together with our partners, we aim to support Europe’s energy transition through innovation, efficiency, and sustainability,” stated Ana Nedea, Strategy and Business Development Director of Simtel Team.
In its initial phase, the German subsidiary will offer preventive and corrective maintenance services for photovoltaic and energy storage systems. These services are essential for optimizing installation performance and minimizing the risks associated with operational interruptions. In the medium term, Simtel plans to expand the subsidiary’s activities by introducing additional business lines from its portfolio, including EPC (Engineering, Procurement, Construction) projects for photovoltaic systems and energy storage solutions, as well as the commercialization of autonomous robots produced by Agora Robotics, a Simtel Group company dedicated to this activity.
Germany, one of the largest renewable energy markets in Europe, provides an ideal environment for Simtel’s entry into Central and Western Europe. The choice of Essen, located in the North Rhine-Westphalia region, was influenced by its proximity to existing clients and partners as well as its easy access to neighboring markets. Locally, the company will have an operational team that includes technical personnel and business development specialists, whose primary responsibility will be identifying opportunities to scale the group’s business lines in Germany and adjacent countries.
This initiative marks a significant step in Simtel’s international development strategy. By expanding into the German market, the group strengthens its position as a European provider of integrated solutions in renewable energy and opens new prospects for generating consolidated revenues. Furthermore, Simtel’s expansion plans target additional European markets, and the group is actively exploring opportunities to open another subsidiary later this year.
About Simtel
Simtel is a technology, engineering, and innovation group with Romanian roots, international presence, and a global vision. The group provides companies and organizations with comprehensive solutions and integrated ecosystems, covering the entire process from consultancy, authorization, design, engineering, and construction to maintenance, operation, measurement, control, and energy supply. Simtel’s 360° expertise spans photovoltaic power plants, telecommunications, energy storage systems, as well as software platform development and robotic process automation, aiming to optimize resources and enhance efficiency. Simtel Team is listed on the Main Market of the Bucharest Stock Exchange under the ticker symbol SMTL www.simtel.ro
