- The proposal contemplates integrating IM2 and Greentech into Turbo Energy to broaden its offering and unlock new commercial opportunities throughout the project lifecycle, from development and engineering to energy storage, intelligent energy management and services during the operation of the facilities.
- Umbrella will strengthen its focus as an independent power producer (IPP), with a strategy centered on hybrid photovoltaic generation and battery storage assets, while maintaining its electric vehicle charging infrastructure business.
Valencia, November 13, 2026 – Umbrella Global Energy (BME Growth: UMB) has convened an Extraordinary General Shareholders’ Meeting to submit for approval a proposal to reorganize the Group’s business lines through the integration of IM2 Energía Solar, S.L.U. and Greentech Solutions, S.L. into Turbo Energy, S.A.
The proposal seeks to achieve greater specialization across the Group’s activities. Umbrella will strengthen its focus as an independent power producer (IPP) through the development, investment and operation of its own energy infrastructure, with a strategy centered on the hybridization of photovoltaic generation and battery storage. It will also maintain its electric vehicle charging infrastructure business.
Turbo Energy, in turn, would strengthen its positioning as a technology platform for integrated energy solutions, with the capacity to develop and execute projects, integrate energy storage and intelligent management through software and tools based on data and artificial intelligence, and provide services throughout the operation of the facilities.
The incorporation of IM2 and Greentech would broaden its offering and unlock new commercial opportunities, both in new projects and across installations belonging to its existing customers.
A platform with the potential to expand the business and deepen customer relationships
The integration is intended to expand Turbo Energy’s business opportunities through an offering covering project development and execution, technology integration and services throughout the operating life of the facilities. This structure would make it possible to connect design and construction decisions with subsequent requirements for management, maintenance and optimization.
IM2 develops photovoltaic projects and energy solutions for industrial and commercial customers, including self-consumption systems and hybrid solar solutions. Greentech contributes its experience in the operation and maintenance of photovoltaic installations, both for Group companies and for third parties. Their integration into Turbo Energy would make it possible to coordinate these activities with the integration of energy storage and energy management software.
This combined offering would create cross-selling opportunities across the customer bases of the three companies, including adding storage and intelligent energy management to existing photovoltaic installations, developing solar solutions linked to storage projects, and offering operation, maintenance and optimization services.
The platform also aims to support the evolution of each customer’s energy requirements through capacity expansions, equipment upgrades and the incorporation of additional solutions. These opportunities could increase Turbo Energy’s participation in each installation, diversify its revenue streams and support longer-term commercial relationships.
Coordination across engineering, energy storage, software and maintenance would make it possible to design installations with their future operating requirements in mind from the outset and to use operational experience to guide subsequent improvements.
“We want Turbo to be able to support customers from the initial investment decision through to the operation and evolution of their installations. An integrated offering opens up opportunities to reach new customers, add new solutions to existing installations and build longer-lasting relationships through operation, maintenance and optimization services. For Umbrella, this proposal represents a better specialization of its activities and strengthens two complementary areas within the Group: investment in owned assets and the development of technology solutions and energy services,” said Enrique Selva, CEO of Umbrella Global Energy.
Contribution of IM2 and Greentech in exchange for new Turbo Energy shares
The transaction would be structured through a non-cash contribution to Turbo Energy of all of the equity interests in IM2 and Greentech, both of which are currently wholly owned by Umbrella.
In consideration for the contribution, Umbrella would subscribe for 39,501,491 newly issued ordinary shares of Turbo Energy, to be issued as part of a capital increase through non-cash contributions, for a total issue amount of €9,271,000, including nominal value and share premium.
The consideration would be settled entirely in shares, with no cash payment. Upon completion of the transaction, Turbo Energy would directly own 100% of IM2 and Greentech, while Umbrella would hold an indirect interest in both companies through its shareholding in Turbo Energy.
Approvals and next steps
Umbrella’s Extraordinary General Shareholders’ Meeting has been convened for December 14, 2026. The transaction is subject to approval by the general shareholders’ meetings of both Umbrella and Turbo Energy and to compliance with the remaining applicable corporate, contractual and regulatory requirements. Completion of the transaction will require the formalization of the contribution and the issuance and subscription of the new ordinary shares of Turbo Energy. Umbrella will inform the market of the resolutions adopted and of the completion of the transaction, as applicable.
