Trilantic Europe, a European personal fairness agency with a devoted power transition technique, acquired a 60% stake in AEROCOMPACT Group, a photo voltaic mounting options supplier specializing within the improvement, manufacturing and distribution of substructures for mounting photovoltaic modules. With this funding, Trilantic plans to develop the corporate’s progress plan internationally. Founder Mathias Muther will stay a big shareholder with a 40% stake in AEROCOMPACT via his personal basis.
Credit score: AEROCOMPACT
AEROCOMPACT’s merchandise have roots in Vorarlberg, Austria, are already put in in additional than 60 nations around the globe.
“Our robust progress trajectory for the reason that firm was based round 10 years in the past reveals that there’s monumental potential in our merchandise and engineering providers,” stated Mathias Muther, founding father of AEROCOMPACT. “The entry of Trilantic Europe opens up the chance to speed up our progress plan to develop our worldwide market presence and search potential acquisitions even additional. Because of the worldwide attain of our new shareholder Trilantic Europe, each within the renewable power sector and within the capital market, we will pursue this purpose with full vigor. We’re very happy about this extraordinarily constructive milestone for our firm.”
The transaction is topic to approval by the related authorities.
AEROCOMPACT expects to achieve above €100 million in revenues for the primary time in 2023. There are a variety of personnel and operational modifications deliberate for the corporate. Because of demand, AEROCOMPACT’s personal manufacturing capacities for PV substructures have been ramped up at a brand new plant in Bulgaria. The manufacturing line in Nüziders, Vorarlberg, Austria, which was primarily used for prototype building, was shut down consequently.
“We have now been impressed by the standard of AEROCOMPACT’s photo voltaic mounting options, the expansion momentum proven throughout all its present markets, and the keenness and imaginative and prescient of the complete crew,” stated Vittorio Pignatti-Morano, chairman of Trilantic Europe. “By means of our partnership with AEROCOMPACT, we’re assured we will speed up progress even additional and create a very worldwide champion within the photo voltaic mounting house, whereas additionally delivering on our funding sustainability commitments.”
Information merchandise from AEROCOMPACT
