A steady and organic growth in the past years has allowed Fluves to continuously optimize its product portfolio resulting in a clear and strong positioning in the Belgian market. Yet, with internationalisation in mind and the rapid growth of, for example, the offshore wind industry globally, the management welcomes its first significant external investment which will allow Fluves to accelerate its growth ambitions.

"With the investment of Virya Energy in Fluves we take a major step in the growth strategy of our company, allowing us to dedicate more resources to focus on international growth and product innovation. The investment will mainly be dedicated to expand and further professionalize the sales and marketing efforts of both Fluves and Marlinks” [Thomas Van Hoestenberghe & Roel Vanthillo, founders Fluves].

“The arrival of Fluves in the Virya Energy portfolio allows us to build an attractive and technologically advanced service offering that enables renewable energy developers and operators to significantly reduce the risks linked to critical infrastructure failures. Our existing relationship with Fluves and its daughter Marlinks made us confident to grow this partnership and expand this unique technology and applications to the broader industry “ [Paul Tummers, CEO Virya Energy].

Akkoord

The choice for Virya Energy was a natural one backed by several years of successful collaboration between Fluves and Parkwind (100% owned by Virya Energy) resulting in the joint venture better known as Marlinks.

With its investment in Fluves, Virya adds yet another innovative technology provider active in renewables to its expanding energy service portfolio. Virya Energy is convinced that the technology solutions offered by Fluves perfectly fit within the strategic ambitions of Virya Energy and strengthen its unique position in the rapidly evolving renewable energy industry.

About Virya Energy

Virya Energy is active in the development, financing, construction and operation of renewable energy sources. Established at the end of 2019 by the Colruyt Group and its majority shareholder Korys, Virya Energy today owns 100% stakes in Parkwind, Eurowatt, Eoly Energy and Sanchore. Virya Energy is set to further develop renewable energy generation capacities and deliver services across the full value chain of sustainable energy solutions including storage. Based in Belgium, Virya Energy and its subsidiaries own and operate over 1 GW of green energy production capacity globally and are active in numerous green hydrogen initiatives.

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