Enstall Expands Into Germany With the Acquisition of Schletter
01 Agosto 2024 - 7:51AM
Business Wire
Enstall, the global leader in rooftop solar mounting solutions,
announced today the acquisition of Schletter Group (“Schletter”), a
Germany-based provider of solar mounting systems. Financial terms
of the transaction were not disclosed. Schletter’s current
shareholders, Avenue Capital Group and Robus Capital will become
minority shareholders in Enstall to support the company’s long-term
strategic ambitions, working in close partnership with existing
shareholders Blackstone and Rivean Capital.
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Schletter Headquarters (Photo: Business
Wire)
Founded in 1968 and headquartered in Kirchdorf, Germany,
Schletter is a global provider of solar mounting systems, having
supplied over 55 GWp of solar installations worldwide. The
company’s product portfolio caters to roofs, façades, carports, and
ground-mounted solar installations, including trackers and
fixed-tilt systems.
The transaction represents a major step in executing on
Enstall’s growth strategy, following its acquisition by Blackstone
and Rivean Capital in 2022. The transaction will strengthen
Enstall’s footprint in Germany and Central Europe, and establish
Enstall as the one-stop-shop global solar mounting powerhouse, with
a product portfolio covering both rooftop and ground-mount
segments.
Stijn Vos, CEO of Enstall, said: “On behalf of the
Enstall team, I would like to welcome all Schletter employees to
the Enstall family. Schletter is the long-standing solar mounting
champion of Germany, with a strong reputation for quality and
innovation. We are looking forward to combining our expertise to
achieve our shared vision of accelerating solar adoption to deliver
solar, sooner.”
Florian Roos, CEO of Schletter, added: “Enstall shares
our long-term commitment to sustainable solar energy for future
generations. Everything we do is guided by our dedication to
improving durability, safety, sustainability, and the quality of
our solar mounting systems, in support of achieving a transition to
green energy. The partnership with Enstall will strengthen the
combined innovation capabilities, and enable us to serve our
customers with a broader portfolio of products and digital
solutions globally.”
Juergen Pinker, Senior Managing Director at Blackstone and
Maurits Boomsma, Senior Partner at Rivean Capital, commented:
“With this transformational acquisition, Enstall establishes a
strong presence in Germany, Europe’s largest solar market, and
expands into the attractive ground-mounted solar segment. Following
Enstall’s acquisition of Sunfer in 2023, this deal demonstrates the
continued strong momentum the company has in executing its growth
strategy. We welcome Avenue Capital and Robus Capital as minority
investors in Enstall, who have been long-standing supportive owners
of Schletter.”
The transaction is expected to close in the second half of 2024,
subject to customary regulatory approvals.
J.P. Morgan is acting as financial advisor to Schletter.
Language:
English
Company:
Schletter International B.V.
Herikerbergweg 88
1101 CM Amsterdam
Netherlands
ISIN:
NO0012530973, NO0012530981
WKN:
A3K86F , A3K86D
Listed:
Regulated Unofficial Market in Frankfurt;
Oslo
Intended to be listed.
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Katarina Kuzmicic Tel.: +49 (0)221 80 10 87-85 E-Mail:
kk@moeller-pr.de