The Dutch firm, which was itself acquired by Blackstone and Rivean Capital, will grow to be the bulk shareholder of the German photovoltaic firm. Schletter’s earlier shareholders will maintain minority stakes in Enstall sooner or later.

Schletter headquarters in Kirchdorf, Germany

Image: Schletter

From pv journal Germany

Enstall introduced the hiring of Schletter on Thursday.

The two suppliers of photovoltaic mounting techniques didn’t present any info on monetary particulars. The Dutch firm, which was acquired by Blackstone and Rivean Capital in 2022, mentioned solely that it’s going to grow to be the brand new shareholder of Schletter. In addition, the previous shareholders of the German firm, Avenue Capital Group and Robus Capital, are set to grow to be minority shareholders of Enstall sooner or later.

With the acquisition of Schletter, Enstall entered the German PV market and likewise goals to broaden its presence in Central Europe sooner or later. The Dutch firm has PV mounting options for roof and ground-mounted techniques. Schletter additionally provides body options for facades and carports.

Avenue Capital grew to become a shareholder of Schletter in the midst of 2018. At that point, the Bavarian firm utilized for insolvency proceedings beneath self-management to restructure itself financially. The transfer resulted in buy agreements between Schletter and Golden Square Capital, with Avenue Capital because the lead investor.

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