Diehl Controls sells PV business to mutares Solar

Facebook
Twitter
LinkedIn
Reddit
Email

Diehl Controls, a subgroup of Germany's Diehl Group, has sold its photovoltaics business unit to mutares Solar, a subsidiary of Munichs investment company mutares.

A statement on the mutares website said the company plans to strategically develop Diehl's photovoltaics business located in Wangen while the manufacturing of the photovoltaics products remains with Diehl Controls. It is understood that all of Diehl Controls’ 82 employees will be taken over by the new owner. No figure has been given for the amount of the sale.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

As a result of the deal, Diehl Controls said it would use this opportunity to refocus on its core competencies in the original equipment manufacturers (OEM) business.

Dieter Neugebauer, a member of the Corporate Division Board of Diehl Controls, said: “Since mid-2012 we've been searching intensively for a partner, who can strategically develop the photovoltaics business and has a strong sales expertise.

“After constructive negotiations we are glad to have won mutares AG as a partner that is interested in a successful expansion of this business unit and that will further develop the photovoltaics activities at this location.”

Commenting on the fact that the deal will preserve jobs at Diehl Controls, Dr. Wolf Cornelius, who will run the new company together with its established CEO, Klaus Frehner, said:  'The people are our source of know-how. We can only be successful together with them.”

Read Next

September 15, 2025
Advances in edge-based artificial intelligence are helping make solar and storage interoperable by tackling the data challenge, writes Andrew Foster.
September 15, 2025
Italy’s latest renewable energy tender has received 12GW of bids, of which the majority, 10GW, came from solar PV.
September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 
September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
Premium
September 15, 2025
The UK government and solar industry have jointly published a long-anticipated roadmap detailing how to maximise the country’s solar potential. Chris Hewett, CEO of Solar Energy UK takes a closer look at the details.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines