PEG Africa, a Ghana-based solar energy provider, has been acquired by Bboxx.

PEG Africa, based in Ghana, is one of the largest providers of distributed energy in West Africa, and its acquisition by Bboxx solidifies the latter’s position as Africa’s leading super platform for essential products and services.

PEG is a solar energy leader in West Africa, with operations in four countries, close to 100 service centers, and over 500 employees.

Meanwhile, Bboxx has provided clean energy and other products to over 2.5 million people to date. Following the acquisition of PEG, Bboxx will have over 250 stores and 4,000 employees, as well as access to new markets in Senegal, Ivory Coast, Ghana, and Mali, bringing the total number of operating markets to ten.

PEG Africa’s operational and credit experience benefits Bboxx, while PEG customers gain access to new products, services, and digitalisation through Bboxx Pulse. Financial information has not been released.

“We have built a pioneering energy provider in West Africa and have been extremely fortunate to do so with a group of extraordinary people who are passionate about making a positive impact in the world.” “We look forward to having an even greater impact on a larger scale as a result of our collaboration with Bboxx,” said Hugh Whalan, CEO and co-founder of PEG Africa.

Bboxx CEO and co-founder Mansoor Hamayun stated that the company was founded 12 years ago with the goal of transforming lives and unlocking the potential of billions of underserved customers by providing access to essential products and services such as clean energy, clean cooking, and financial services.

“While we have made significant progress in this mission, there is still much more to be done.” Over 150 million people in West Africa alone lack access to electricity. We will strive to change that by gaining access to new markets and leveraging PEG’s impressive operational experience,” he said.

“PEG’s founders, Hugh and Nate, have created an exceptional company that has improved the lives of a million people.” Their dedicated team, excellent customer service, and focus on the customer experience will only strengthen Bboxx as we work together to drive economic development across Africa. “I am thrilled to welcome PEG to the Bboxx family.”