Schletter’s headquarters in Kirchdorf, Germany
Image: Schletter
Enstall announced the acquisition of Schletter on Thursday.
The two providers of photovoltaic mounting systems did not provide information about the financial details. The Dutch company, which was acquired by Blackstone and Rivean Capital in 2022, said only that it would become Schletter’s new majority shareholder. In addition, the German company’s former shareholders, Avenue Capital Group and Robus Capital, will now become minority shareholders of Enstall in the future.
With the acquisition of Schletter, Enstall enters the German PV market and also wants to expand its presence in Central Europe in the future. The Dutch company has PV mounting solutions for roof and ground systems. Schletter also offers framing solutions for facades and carports.
Avenue Capital became a shareholder of Schletter in mid-2018. At the time, the Bavarian company had filed for self-administration bankruptcy proceedings to restructure itself financially. The move resulted in purchase agreements between Schletter and Golden Square Capital, in which Avenue Capital was the main investor.
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