Lens has been acquired by Tenten Solar
Tenten Solar has acquired a majority stake in Lens. This is the first add-on for Tenten Solar since Smile Invest acquired the company in 2023. In the further consolidating solar market, this acquisition will realize a considerably stronger market position.
Lens, founded in 2012, is a full-service solar partner for housing associations in the Netherlands. Lens supports housing associations in achieving their sustainability goals by providing comprehensive solutions that encompass the entire process, from preparation and installation to ongoing maintenance services.
Tenten Solar, backed by Smile Invest, specializes in the sale and installation of solar panel systems for housing associations, consumers and businesses. The company has its roots in electrical installation services and has been actively focused on solar energy since 2009. Tenten Solar has developed into a nationwide specialist in solar panels and has built an excellent reputation in the market with a large customer base especially in the eastern regions of the Netherlands.
Oaklins’ team in the Netherlands acted as the exclusive M&A sell-side advisor to Lens. The team also advised the shareholders of Tenten Solar with the sale to Smile Invest in 2023.
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