European private equity firm Trilantic Europe has acquired a majority interest in Aerocompact, a company that designs special metal frames that hold solar panels in place.
Trilantic Europe has invested an unspecified amount to acquire a 60% stake in the solar mounting solutions developer to help accelerate the company’s growth plan internationally.
Aerocompact’s founder Mathias Muther will remain a 40% shareholder in the company through his private foundation.
Aerocompact currently employs 150 people worldwide and has subsidiaries in Austria, Germany, the US, India and Bulgaria. The company’s products are already installed in more than 50 countries around the world.
Vittorio Pignatti-Morano, chairman of Trilantic Europe, said: “We have been impressed by the quality of Aerocompact’s solar mounting solutions, the growth momentum shown across all its current markets, and the enthusiasm and vision of the entire team.
“Through our partnership with Aerocompact, we are confident we can accelerate growth even further and create a truly international champion in the solar mounting space, while also delivering on our investment sustainability commitments.”
Muther said: “Our strong growth trajectory since the company was founded around ten years ago shows that there is enormous potential in our products and engineering services. The entry of Trilantic Europe opens up the opportunity to accelerate our growth plan to expand our international market presence and seek potential acquisitions even further.
Thanks to the international reach of our new shareholder Trilantic Europe, both in the renewable energy sector and in the capital market, we can pursue this goal with full vigor. We are very pleased about this extremely positive milestone for our company.”
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