Enstall, a global rooftop solar mounting solution provider, has announced its strategic acquisition of Schletter Group, a German provider of solar mounting systems. This move, of which financial details were not disclosed, aims to strengthen Enstall’s market presence in Germany and Central Europe and expand its product range to include ground-mounted solar segments.
As a significant aspect of the acquisition, Schletter’s existing shareholders, Avenue Capital Group and Robus Capital, will become minority shareholders in Enstall, joining forces with major stakeholders such as Blackstone and Rivean Capital. The transaction is expected to be finalised between late 2024 and early 2025, subject to regulatory approvals. J.P. Morgan is advising Schletter during this transition.
This acquisition is a critical part of Enstall’s aggressive expansion strategy initiated after its acquisition by Blackstone and Rivean Capital in 2022. The merger not only enhances Enstall’s footprint in the German market but also establishes the company as a global powerhouse in solar mounting solutions with an enriched product portfolio.
Stijn Vos, CEO of Enstall said, “On behalf of the Enstall team, I would like to welcome all Schletter employees to the Enstall family. 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.”
Florian Roos, CEO of Schletter, added, “Enstall shares our long-term commitment to sustainable solar energy for future generations. 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.”
Juergen Pinker, Senior Managing Director at Blackstone and Maurits Boomsma, Senior Partner at Rivean Capital, commented, “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. 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.”