German Investor Nordwest Industrie Group acquires Mounting Systems
The German investment company Nordwest Industrie Group GmbH (NWI) based in Frankfurt/Main acquires the international developer and producer of solar fastening systems Mounting Systems GmbH, headquartered in Rangsdorf near Berlin, Germany. A corresponding contract has been signed today with the purchase price being kept confidential by mutual agreement. Thereby, NWI secures 180 jobs at Mounting Systems, approximately 150 of which at the headquarters in Rangsdorf, further 30 at the production site in Sacramento, USA. Mounting Systems is an international producer of racking systems for the solar industry. Investor NWI is an owner-managed investment firm with 15 years of experience and a focus on long-term investments in the industry sector.
"It is our goal to further pursue Mounting Systems' successful business strategy, further develop it and expand to new countries", said Bernd Petrat, Managing Director of Nordwest Industrie Group. "More than 20 years of know how in the development, manufacture and sales of racking systems for solar installations is the ideal basis to do so."
"Together with NWI, Mounting Systems has a solid balance sheet and is positioned to meet the future challenges of the solar industry", said Stefan Spork, Managing Director of Mounting Systems. "Thanks to its strong international footprint in sales, production and supply chain, Mounting Systems already today has a unique setup in all important global solar markets. We will now expand this and continue to be a reliable partner for our customers in the future."
With this merger, the insolvency administrator Dr. Sven-Holger Undritz successfully concludes the third and last takeover in the insolvency proceedings of Conergy group and thereby secures 740 of the formerly around 1,000 jobs within the group.
Already back in autumn, Florida-based strategic investor Kawa had acquired the global Conergy sales and service units, securing 350 jobs. Just a few days ago, Astronergy's acquisition of the Frankfurt (Oder) module factory saved further 210 positions. Together with the now 180 jobs at Mounting Systems, the insolvency administrator preserved 740 employments within the group.
"We have successfully concluded all three investor processes. We aimed for retaining as much jobs as possible. And we succeeded. This is a great success and we are very happy about it", said insolvency administrator Dr. Sven-Holger Undritz of the law firm White & Case. "We are convinced that we have found the best partner and investor for every company and believe that the different sites will not only be preserved but will prosper in the future."
