Solar mounting merger: Enstall acquires Schletter
Enstall, a rooftop solar mounting solutions provider, announced the acquisition of Schletter Group, a Germany-based provider of solar mounting systems. Financial terms of the transaction were not disclosed. The transaction is expected to close in the second half of 2024 or early 2025.
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.
Enstall (formerly Esdec) sells solutions across the US, Europe, and Latin America, and it has amassed quite a portfolio of brands such as IronRidge, Ecofasten, PanelClaw, Esdec, BluBase, and Sunfer
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.”
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.
Founded in 1968 and headquartered in Kirchdorf, Germany, Schletter is a global provider of solar mounting systems, having supplied over 55 GW 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.
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.”
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