Sify.com is reporting today that solar energy solutions major Environ Energy Global Pvt Ltd has acquired the solar business of oil giant Shell for an undisclosed sum after competitive bidding from European and US companies.

Kolkata, India based Environ Energy, a privately held company, has acquired two units of Shell Overseas Investments BV - Shell Solar India and Shell Solar Lanka - making it the largest and most experienced solar photovoltaic solutions company in the world.

Sify.com is reporting today that the acquisition, which is being funded through a syndicate of international agencies, will bring in 450 engineers from the Shell outfit into the Indian company, taking the total to 600 engineers, apart from a presence spanning 40 offices globally. Environ Energy is also in active talks for acquisition of solar facilities in Europe and other parts of Asia.

Sify.com is reporting today that due to strict non-disclosure agreements with Shell, the company refused to divulge the price of the acquisition. IT Power UK has advised the group on the deal.