Bucharest Exchange-listed group Simtel opens subsidiary in Sweden

Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and a leading player in the renewable energy sector in Romania, announced the opening of a new subsidiary in Stockholm, Sweden. The new entity, Simtel Nordics, marks a new stage in the company’s international expansion and “is based on the market opportunities identified in the Nordic region.”

Simtel Nordics will be primarily active in the EPC segment for energy storage (BESS) and hybrid projects, complemented by Operation and Maintenance (O&M) services dedicated to BESS systems. The company is currently in the process of building the local team.