SunEdison Acquires UK's Mark Group; Terms Not Disclosed

SunEdison, Inc.

today announced that it has acquired Mark Group, based in Leicester, United Kingdom, the country's leading full service energy solutions provider and a SunEdison solar sales and installation partner. This acquisition establishes a direct sales channel for SunEdison in residential and commercial sales within the UK, providing customers with robust energy efficient products and services, and strengthens the company's global position as a renewable energy leader. Mark Group is a leader in the UK residential market, offering its approximately two million UK customers energy efficient solar systems, heating systems and insulation products. The company is highly regarded with a proven track record in the commercial segment, having installed a 6 megawatt solar system which is currently the largest installation on a single rooftop in the UK. "Mark Group is a seasoned leader in delivering energy efficient solutions to homeowners and businesses in the UK, and this acquisition will enable SunEdison to offer additional energy solutions, products, and services directly to customers," said Vikas Desai, SunEdison senior vice president of residential and small commercial. "By establishing a direct sales channel in the UK, we are augmenting our existing installation partner network to meet the growing demand for solar in this market. As we rapidly scale our business globally, we see the Mark Group expanding SunEdison's expertise and bandwidth in the consumer energy efficiency market, an excellent complement to our residential and commercial distributed solar business." "We're really excited to become part of a dynamic and innovative company like SunEdison," said Bill Rumble, Mark Group chief commercial officer. "With this acquisition we now have the opportunity to deliver even greater value to our customers, helping them to enjoy long-term benefits from insulation, solar power and other expertly installed energy products." At the beginning of 2015, SunEdison announced new solutions to bring solar energy to the residential and commercial sectors in the UK, including the launch of the SunEdison Energy Saver Plan, which makes it possible for homeowners to save up to 15 percent on their energy bills without any upfront costs. Mark Group is currently one of the SunEdison partners in the UK that sells and installs this innovative solution to homeowners.