PARI Group to take over Renusol Solar Mounting Systems Business in Europe


Cologne ‐ Renusol GmbH, a subsidiary of Gibraltar Industries, Inc., and PARI Group agreed on a Letter of Intent under which the PARI Group acquires substantially all the assets of Renusol GmbH. The PARI Group intends to continue to serve Renusol GmbH’s customers in Europe, Middle East and Africa. Renusol America, Inc. will continue to serve the Americas and Rest of World as part of Gibraltar Industries.

PARI Group is a group of companies focusing on energy saving and renewable energy businesses. Among others it is operating Sonnenstromfabrik, Wismar, one of Europe’s largest solar module producers. PARI Group also intends to take over a part of Renusol’s staff in Cologne. PARI Group will also retain the product offering and the brand name “Renusol”. “We are planning to keep all customers and suppliers of Renusol on board. And, most important, we will build on Renusol’s great culture and service orientation,” says Alexander Kirsch, Partner of the PARI Group, who had already been Chairman of the Advisory Board of Renusol from 2004 to 2014.

In early December 2016, Gibraltar Industries, Inc. announced its exit from the Renusol GmbH business selling residential solar mounting systems in Europe. It is intended to close the transaction within the next four weeks.

Source: Sunbeam Communications

Similar Entries

Wind Handling equipment from SH Group

SH Group expands business areas to the offshore wind segment by using their already existing knowledge and competencies within their 20 years of operating in the oil and gas industry to seek new challenges and gain further market share.

WindEurope today elected Ivor Catto, CEO of RES Group, as its new Chairman of the Board. Mr Catto was elected for an 18-month term by WindEurope’s Board of Directors, which is comprised of corporate members, national associations and other organisations.

ENcome Energy Performance GmbH and Green Services Group have announced to merge their French O&M operations. Both partners will transfer their O&M activities and particularly the O&M business of KBE Energy, one of Green Services Group affiliates to the new joint venture company ENcome Energy Performance France SAS. Thereby ENcome France becomes one of the leading O&M providers in France with an O&M portfolio of approx. 150 MW.

On 1 March 2017, Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced its decision to discontinue the proprietary wire production for diamond wire at Diamond Materials Tech Inc. (DMT) in Colorado Springs, USA. Meyer Burger has signed a binding asset purchase agreement with Thermocompact Group now, which will acquire the remaining DMT business for an amount of about USD 6 million in cash. The closing of the transaction is expected by mid-December 2017. As a result of this transaction, about 25 employees will be transferred to Thermocompact Group. The diamond wire business previously serving PV-related applications has already been closed by Meyer Burger during the first half-year of 2017.