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Masdar Closes Deal to Acquire TERNA ENERGY Announces Goal to Supercharge Growth in Greece and Eastern Europe

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Masdar has successfully completed the acquisition of 70% of the outstanding shares of TERNA ENERGY to become majority shareholder of the Greek clean energy championFollowing the closing of the transaction, Masdar will seek regulatory approvals for launch of an all-cash mandatory tender offer to acquire all the remaining shares Masdar will bring long-term capital and global expertise to supercharge TERNA ENERGY’s growth plans as it targets 6GW of renewable energy operational capacity by 2029, supporting the energy transition in Greece and Eastern EuropeThe acquisition will play an important role in growing Masdar’s portfolio in Europe as it targets 100GW global capacity by 2030

ABU DHABI, UAE and ATHENS, Greece , Nov. 28, 2024 /PRNewswire/ — Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the UAE’s clean energy leader, announced today that it has successfully completed the acquisition of 70% of the outstanding shares of TERNA ENERGY SA (TENERGY.AT) from GEK TERNA SA (GEKTERNA.AT) and other shareholders, and received all regulatory approvals. The deal, agreed at a price of 20 euros per share, valued TERNA ENERGY at an enterprise value of 3.2bn euros, representing the largest ever energy transaction on the Athens Stock Exchange, and one of the largest in the EU renewables industry.

Following the closing of the transaction, Masdar will seek regulatory approvals from the Hellenic Capital Markets Commission (HCNC), for the launch of an all-cash mandatory tender offer (“MTO”) to acquire the outstanding shares of TERNA ENERGY.

TERNA ENERGY has been a key player in the renewable energy sector for over two decades, holding the largest and most diversified portfolio in Greece, as well as projects in Bulgaria and Poland. The company owns and operates clean energy projects across wind, solar, biomass and hydro technologies – Greece’s renewable energy leader is also building one of the largest pumped hydro projects in Europe, the 680MW Amfilochia project. With TERNA ENERGY currently operating a capacity of 1.2 gigawatts (GW), the acquisition reflects Masdar’s confidence in the company’s impressive growth potential, targeting  6GW by 2029. TERNA ENERGY will play an important role in enhancing Masdar’s portfolio across Europe as it targets 100GW global capacity by 2030 in support of the energy transition.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, commented: “Masdar is proud to become the majority shareholder of TERNA ENERGY, bringing together two energy champions. Our committed vision and long-term capital will unlock significant opportunities for further growth in TERNA ENERGY’s expansion as it executes on its strategy to support Greece’s renewable energy goals.

“Masdar’s acquisition strategy has focused on acquiring not just assets, but investing in exceptional teams. Our ambition is to establish TERNA ENERGY as one of our core regional platforms that will help us deliver on our ambitious targets. I look forward to working  with Executive Chairman, Georgios Peristeris, and Chief Executive Officer, Emmanuel Maragoudakis, in support of the energy transition in Greece and Europe.”

Georgios Peristeris, Chairman and CEO of GEK TERNA, and Executive Chairman of TERNA ENERGY, said: “Our agreement with Masdar is a reflection of TERNA ENERGY’s unparalleled leading role in the green energy transition in Greece as well as in southeastern Europe, a result of our consistent and tireless efforts over the last 25 years to create the largest and fastest growing clean energy platform in our country. Sharing the same vision with Masdar for clean, affordable and domestically produced energy, we look forward to working together towards a future of endless growth possibilities for TERNA ENERGY”. 

Masdar has retained Rothschild & Co. as sole financial advisor, and Simmons & Simmons, Bernitsas Law, Latham & Watkins as legal advisors, in connection with the transaction and financing.

GEK TERNA Group was supported by Reed Smith LLP and Potamitis Vekris, who were the international and Greek legal advisors for the transaction respectively, while Morgan Stanley has been acting as sole financial advisor to TERNA ENERGY.

For more information please visit: https://www.masdar.ae and connect: facebook.com/masdar.ae and twitter.com/masdar

About Masdar

Masdar (Abu Dhabi Future Energy Company) is one of the world’s fastest-growing renewable energy companies. As a global clean energy pioneer, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transition and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of over 31.5 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future.

Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.

About TERNA ENERGY

TERNA ENERGY, has been a key player in the renewable energy sector for over two decades, holding the largest and most diversified portfolio of projects in Greece, with 2,500 MW in operation, under construction and ready for construction. TERNA ENERGY’s installed capacity currently stands at 1,224 MW, while TERNA ENERGY is continuing seamlessly with its investment plan, aiming to approach a total installed capacity of 6 GW by 2029. TERNA ENERGY (www.terna-energy.com) is listed on the Athens Stock Exchange.

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Xevyte Establishes European Operations in Poland, Extending Its Global Delivery and Innovation Reach

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BENGALURU, India, June 3, 2026 /PRNewswire/ — Xevyte, a global IT services and digital transformation company, has commenced business operations in Poland effective December 2025, marking its first European base and a milestone in its international growth strategy.

The Poland center will serve as both a delivery hub and an innovation center, supporting enterprises across Europe and globally across cloud transformation, data and AI, cybersecurity, digital engineering, and enterprise modernization. Poland’s engineering talent, mature technology ecosystem, and central position within the European Union make it the right foundation for Xevyte’s next phase of regional growth.

“Establishing operations in Poland is a deliberate and forward-looking decision,” said Karan Reddy, CEO, Xevyte. “As our clients accelerate their digital agendas, they are seeking partners who combine technical excellence with cultural alignment and operational resilience. Poland enables us to deliver on all three, while also investing in local talent and innovation.”

Xevyte will grow its local teams steadily, forge partnerships with academic institutions and innovation ecosystem partners, and contribute to Poland’s technology landscape — building a regional presence that creates value for clients and communities.

This expansion is part of a broader transformation at Xevyte. The company operates across India, the USA, Europe, and the UK, partnering with over 100 clients across BFSI, Healthcare, Manufacturing, Telecom, and Retail. Its services span Technology and Engineering, Cybersecurity, Infrastructure and Cloud, Digital Transformation, and GCC-as-a-Service.

Beyond delivery, Xevyte is building two proprietary platform businesses: an enterprise cybersecurity platform spanning identity governance, AI-driven endpoint protection, real-time threat monitoring, and automated security orchestration; and a unified workforce intelligence platform integrating HR, payroll, talent acquisition, collaboration, and performance into one system — giving organizations a single source of truth across people, operations, and communication.

Together, these moves signal a company executing on a larger vision: to be not just a services partner, but a technology company enterprises rely on to operate, secure, and grow.

About Xevyte

Xevyte is a global IT services and digital consulting company partnering with enterprises to drive transformation across cloud, data & AI, cybersecurity, and digital engineering. With a focus on measurable outcomes, Xevyte helps organizations modernize platforms, optimize operations, and unlock sustainable growth.

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WIN EURASIA 2026 to Showcase the Future of Manufacturing

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ISTANBUL, June 3, 2026 /PRNewswire/ — WIN EURASIA 2026, one of the leading industrial trade fairs in the Eurasian region, is set to bring together the latest advancements in automation, artificial intelligence, industrial IoT, and 5G technologies under one roof. Taking place at the Istanbul Expo Center, Türkiye, from June 10–13, the 32nd edition of the fair will welcome industry professionals from around the world under the motto “Driven by Automation.”

Organized by Hannover Fairs Turkey, a subsidiary of Deutsche Messe AG, WIN EURASIA serves as a strategic platform connecting global manufacturing technologies with regional markets. As part of the broader HANNOVER MESSE portfolio, the event reflects Deutsche Messe’s vision of accelerating industrial transformation through innovation, connectivity, and international collaboration.

Spanning six halls across 55,000 square meters, WIN EURASIA 2026 is expected to host more than 500 exhibitors, country pavilions, and over 40,000 visitors. Alongside official country pavilions from Germany, China, Japan, and Italy, the trade fair will host exhibitors from 17 different countries including France, Spain, Canada, Denmark, Finland, Poland, Morocco, and Switzerland, will showcase cutting-edge solutions across automation, robotics, electrical and energy systems, digital factories, welding technologies, and smart manufacturing.

Positioned at the crossroads of Europe, the Middle East, North Africa, and Central Asia, Türkiye provides an ideal meeting point for manufacturers, technology providers, investors, and buyers seeking new business opportunities and regional market access. Beyond being a technology showcase, WIN EURASIA continues to strengthen its role as a regional trade and networking hub, creating new pathways for investment, sourcing, and strategic partnerships.

A key highlight of this year’s edition will be a series of experience-driven special areas designed to demonstrate how emerging technologies are transforming industrial operations in real time. For the first time, visitors will be able to explore the Industrial IoT Special Area and the Industrial Artificial Intelligence Special Area, where solutions such as predictive maintenance, AI-powered production optimization, smart sensors, real-time data monitoring, and connected manufacturing systems will be demonstrated through live applications.

Another new feature, the Maintenance and Repair Workshop Area, will focus on one of the industry’s most critical challenges: ensuring operational continuity and production efficiency. Through live demonstrations and expert-led sessions, professionals from sectors including automotive, energy, process industries, and heavy manufacturing will gain practical insights into advanced maintenance technologies and best practices.

Also, the Urban Steel Rockstars Networking Area, organized in cooperation with Urban Steel Rockstars, will connect international influencers and content creators specializing in welding technologies, creating a unique platform where industrial innovation meets digital engagement and global industry communities.

Complementing the exhibition, a four-day conference program will bring together industry leaders, technology experts, and decision-makers to discuss the future of manufacturing. Key topics will include industrial transformation, automation, digitalization, energy efficiency, and sustainable production, providing valuable insights into the trends shaping the next era of industry. Visitors can register free of charge via https://platform.win-eurasia.com/register/en 

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Contact: Nalan Kahraman, nalan.kahraman@hf-turkey.com, Tel. +90 5413454105

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SOURCE WIN EURASIA

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Quobly secures €115 million Series A to bring silicon-based quantum computers to market

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GRENOBLE, France, June 3, 2026 /CNW/ — Quobly, a French quantum computing company, today announced the closing of a €115 million Series A financing to accelerate the industrialization of its silicon-based quantum computers and bring its first commercial product to market by the end of 2026.

The round is led by Bpifrance, SEALSQ and STMicroelectronics, with participation from the European Innovation Council (EIC Fund), Blast, ALIAD (Air Liquide Venture Capital) and existing investor Innovacom, bringing together leading industrial, sovereign and deeptech investors. Existing shareholders also include the CEA, CNRS, Quantonation and Supernova Invest. 
Long-time investor Bpifrance is participating through the Deep Tech 2030 fund, managed on behalf of the French government as part of the France 2030 initiative.This financing will support continued R&D, industrialization efforts and international commercial expansion.Quobly, bringing semiconductor-grade manufacturing and industrialization to quantum computing, plans to deploy its first commercial quantum computer through the cloud by the end of 2026 under its Alloy product line.

From technology validation to commercial deployment at scale

This Series A marks a key step in Quobly’s roadmap to industrial-scale quantum computing, transitioning from early validation to the production of its first commercial systems.

Alloy Pioneer, the first computer in Quobly’s Alloy product line, is designed for early adopters in high-performance computing and research environments. The system will be accessible through the cloud in 2026, before deployment within HPC infrastructures in 2027.

Quobly’s quantum computers are designed to integrate into existing HPC and data-center infrastructures, with a compatible footprint, power supply and utility requirements, enabling straightforward deployment. 
Alloy Pioneer is accessible through Alloy Forge, Quobly’s quantum application development environment, enabling users to develop and validate applications under realistic hardware constraints.

The company will in particular:

Increase the performance and scalability of its quantum computer product line,Accelerate the industrialization and scaling of its silicon quantum processors,Deploy its first Alloy systems into customer cloud and HPC environments.

These efforts will be supported by the continued expansion of Quobly’s hardware, control electronics and software stack, in line with its system-level co-design approach.

This Series A follows Quobly’s €19 million seed phase (2023-2025), during which the company demonstrated the feasibility of developing silicon qubits within semiconductor manufacturing processes, and established a system-level architecture integrating device, control and software layers.

Scaling quantum computing through semiconductor manufacturing

Quobly’s approach is based on the use of FD-SOI technology on 300 mm wafers, leveraging established semiconductor manufacturing processes to address key challenges in scalability, yield and reproducibility. The company develops silicon qubits designed for dense integration and compatibility with industrial fabrication standards.

As part of this strategy, Quobly leverages semiconductor-grade capabilities across the broader semiconductor ecosystem through strategic partnerships with industrial leaders including STMicroelectronics, Air Liquide, Soitec and Orano. These collaborations accelerate the transfer of Quobly’s quantum technologies into advanced manufacturing environments and support the industrial integration of process control, materials engineering, cryogenics and yield optimization from the earliest stages of deployment.

This industrial-first approach sets Quobly apart by prioritizing manufacturability and technology-system co-development.

Executive commentary

Maud Vinet, CEO and co-founder, Quobly
“This financing marks a transition from technology validation to industrial execution. Over the past two years, we have demonstrated that silicon qubits can be developed within semiconductor manufacturing processes and integrated into a system architecture. With this Series A, we are accelerating the deployment of our first commercial systems and building a quantum computing platform designed to integrate into existing computing infrastructures. Our objective is to make quantum computing deployable, scalable and usable within real industrial environments.”

Investor perspectives

Laurent Malier, Executive Vice President, Global Technology R&D, STMicroelectronics
“Quantum computing will achieve the scale needed by HPC customers only if breakthrough quantum systems can be industrialized and integrated with semiconductor-grade rigor and backed by a robust ecosystem. We are leveraging years of shared expertise in FD-SOI and deep technological collaboration to accelerate the commercialization of Quobly’s products thanks to a 300mm silicon fab environment. ST’s investment in Quobly further demonstrates our commitment to support its global ambitions.”

Gwenaël Hamon, Senior Investment Director, Bpifrance
“Our second investment in Quobly is fully in line with our ambition to support the emergence of sovereign technology champions. By choosing a quantum architecture compatible with established microelectronics industry standards, Quobly paves the way for the rapid and controlled industrialization of breakthrough technologies, an essential condition to ensure Europe’s strategic autonomy in quantum computing.”

Carlos Moreira, CEO, SEALSQ
“SEALSQ is proud to participate as a lead investor in Quobly’s Series A financing. This investment builds on the technical partnership initiated in 2025. By combining Quobly’s silicon-based quantum processors with SEALSQ’s post-quantum security technologies, this collaboration contributes to the development of secure quantum computing systems. It supports the development of trusted quantum systems for industrial and critical applications.”

Philippe Delmas, Chairman of the Board, Quobly
“Quobly represents a rare combination of breakthrough scientific capability and industrial execution discipline. The company is positioning itself at the intersection of quantum computing, semiconductor manufacturing and high-performance computing infrastructure, three strategic domains that will shape the next generation of computing technologies.”

Advisors
Financial advisors to Quobly were Avolta and Rochefort & Associés. Legal advisors to Quobly were Goodwin and Kelten. 
Legal advisors to investors included Bignon Lebray, Jones Day and Rimon Law. Financial advisory support was provided by Forvis Mazars. 
Bank financing partners included BNP Paribas, Bpifrance, Caisse d’Epargne Rhône-Alpes and Société Générale.

About Quobly
Visit our website and follow us on LinkedIn.

Contact media: marie.cabrieres@quobly.io

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SOURCE Quobly

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