Hyderabad-based integrated solar cell and module manufacturing company Premier Energies has announced it will acquire solar inverter manufacturer KSolare Energy and power transformer manufacturing company Transcon Industries.

The company will acquire 51% of KSolare Energy’s paid-up equity share capital by purchasing 2,550 equity shares at a total price of ₹867 million (~$9.88 million). Syrma SGS Technologies, an electronics manufacturing services company and part of the Mumbai-based Tandon group, will acquire the remaining 49%, bringing the total acquisition cost to ₹1.7 billion (~$19.38 million).

After the acquisition, KSolare will become a subsidiary of Premier Energies.

The transaction is expected to be completed within 90 days.

Premier Energies said the acquisition will help it penetrate the residential solar inverter segment.

KSolare Energy was incorporated in 2012, and its revenue for the last three financial years up to financial year (FY) 2025 was ₹7.13 billion (~$81.29 million). The company manufactures on-grid, off-grid, and hybrid solar inverters. The company operates a manufacturing facility in Pune with a production capacity of 500,000 inverters per annum.

Premier Energies also announced it is acquiring a 51% majority stake in Transcon Industries for a total consideration of ₹5 billion (~$56.96 million). The transaction will help the company diversify into power transformer manufacturing and become a full-spectrum energy solutions provider. It aims to leverage the established brand entity, marketing channels, dealer networks, and market goodwill of both companies to penetrate the power transformer market and scale operations efficiently.

After the acquisition, Transcon Industries will become a subsidiary of Premier Energies.

In September this year, Premier Energies won contracts worth $19.95 million to supply and install solar systems in Benin, West Africa.

Premier Energies reported a net profit of ₹3.08 billion (~$36.94 million) in the first quarter of the financial year 2026, a 55% year-over-year rise from ₹1.98 billion (~$23.78 million). It attributed the strong quarterly performance to full-scale operations at its new 1.2 GW TOPCon cell and 1.4 GW module manufacturing facilities in Hyderabad, which were commissioned in June and May 2025, respectively.