Pramac Acquires REFU Storage Systems, Expanding Company’s Commercial and Industrial Energy Systems Portfolio
Acquisition adds new C&I energy storage system offerings to the Pramac portfolio of products
SIENA, Italy – February 1, 2023 – Pramac GmbH, a leading provider of power solutions, generators and material handling equipment, and a wholly owned subsidiary of PR Industrial s.r.l. (“Pramac”) and part of Generac Power Systems, Inc. (NYSE: GNRC), today announced the acquisition of REFU Storage Systems GmbH (“REFUstor”), a developer and supplier of battery storage hardware products, advanced software and platform services for the commercial and industrial market, from REFU Elektronik GmbH.
“We’re pleased to welcome REFUstor to the Pramac family,” stated Paolo Campinoti, Pramac chief executive officer. “REFUstor’s energy storage systems will complement and enhance our current hybrid energy storage product offerings and will further accelerate our development of new technologies as we continue to provide our commercial and industrial consumers with leading solutions for their adoption of renewable energy. We look forward to the advanced technologies that our skilled engineers will create together to keep us leading the market.”
Headquartered in Pfullingen, Germany, REFUstor was established in 2021 as a subsidiary of REFU Elektronik GmbH and focuses on developing fully integrated, ready-to-use energy storage systems and stand-alone storage inverters along with an energy services management platform. REFUstor’s inverter is designed for commercial behind-the-meter applications, allowing for self-consumption optimization or peak-shaving, and making it suitable for time-critical applications. REFUstor’s highly efficient and extendable storage systems paired with their energy management solution provide businesses the opportunity to build their own energy ecosystem, while simultaneously reducing their electricity costs.
The transaction closed on February 1st, 2023. Terms of the deal were not disclosed.
Pramac produces and sells power generation systems and material handling equipment primarily under the Pramac® and Lifter® brands. The company, which is headquartered in Siena, Italy, has a full range of stationary, mobile and portable power generation equipment up to 3,360 kVA that are sold through a broad distribution network across the world. Pramac is a subsidiary of Generac Holdings, Inc. (NYSE:GNRC), a publicly traded leading energy technology company that provides advanced power grid software solutions, backup, and prime power systems for home and industrial applications, solar + battery storage solutions, virtual power plant platforms and engine- and battery-powered tools and equipment. For more information about Pramac, visit corporate.pramac.com
About REFU Elektronik GmbH
REFU Elektronik GmbH was founded in 1965 and since then has set new standards in the fields of power supply, energy storage and converter technology, thus establishing a very good market presence in converters for renewable energy applications. At its location in Pfullingen at the foot of the Swabian Alb, the company develops, sells and services innovative components for the solar and battery storage market at the highest technical level. Production takes place in Pfullingen and at the REFU factory in Hungary. Here, the company can draw on the extensive experience of the team, which has sold over 400,000 inverters to date. REFU Elektronik GmbH is part of the internationally operating PRETTL group of companies.
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SOURCE: Generac Holdings Inc.