Enstall acquires German solar racking supplier Schletter

Enstall, the parent company of rooftop solar mounting companies like IronRidge, Esdec and PanelClaw, acquired Schletter Group, a German provider of solar mounting systems. Schletter’s current shareholders, Avenue Capital Group and Robus Capital will become minority shareholders in Enstall to support the company’s long-term strategic plans, working in partnership with existing shareholders Blackstone and Rivean Capital.

“On behalf of the Enstall team, I would like to welcome all Schletter employees to the Enstall family,” said Stijn Vos, CEO of Enstall. “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.”

Founded in 1968 and headquartered in Kirchdorf, Germany, Schletter has supplied its mounting and racking to 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.

“Enstall shares our long-term commitment to sustainable solar energy for future generations,” said Florian Roos, CEO of Schletter. “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.”

This transaction follows Enstall’s acquisition by Blackstone and Rivean Capital in 2022. The transaction will increase Enstall’s footprint in Germany and Central Europe, and establish Enstall as a supplier of both rooftop and ground-mount segments.

“With this transformational acquisition, Enstall establishes a strong presence in Germany, Europe’s largest solar market and expands into the attractive ground-mounted solar segment,” said Juergen Pinker, senior managing director at Blackstone and Maurits Boomsma, senior partner at Rivean Capital. “Following Enstall’s acquisition of Sunfer in 2023, this deal demonstrates the continued, strong momentum the company has in executing its growth strategy. We welcome Avenue Capital and Robus Capital as minority investors in Enstall, who have been long-standing supportive owners of Schletter.”

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