PARI Group to take over Renusol’s European solar mounting systems business

Facebook
Twitter
LinkedIn
Reddit
Email
The letter of intent specifies that the Renusol brand name will remain, with the PARI Group acquiring the majority of the European mounting business, and continuing to serve Renusol's customers in the Middle East and Africa. Source: Renusol

PARI Group, a number of energy saving and renewable energy businesses, has signed a letter of intent with Germany’s Renusol to acquire its European solar mounting business assets.

The PARI Group intends to continue to also serve Renusol’s customers in the Middle East and Africa, as under the terms of the agreement, it acquires substantially all the assets of Renusol. In addition, PARI Group intends to take on part of Renusol’s Cologne staff, as well as all of its suppliers. The brand name ‘Renusol’ will remain as is despite the agreement.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Renusol America will continue to serve the Americas and rest of the world under the Gibraltar Industries umbrella.

“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,” said Alexander Kirsch, partner of the PARI Group, in a statement.

This conversation first started in early December 2016, when Gilbraltar Industries, Renusol’s parent company announced its exit from the Renusol business selling residential solar mounting systems in Europe. This is expected to be finalised within the next four weeks. 

26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA