Solarwatt takes over parts of Centrosolar
Dresden
For Detlef Neuhaus, managing director of SOLARWATT GmbH, this addition to the European activities is "a great growth opportunity": "This takeover will give the expansion of our European sales a real boost. The highly qualified staff we are taking over from Centrosolar will now enable Solarwatt to expand its market position even further. It gives us the opportunity to make our innovative systems better known in Europe", said Neuhaus.
SOLARWATT offers its customers high-quality premium products, "Made in Germany", and develops intelligent and innovative complete solar power solutions. The national companies in France and the Netherlands, which are not affected by the insolvency, are leading providers of photovoltaic systems in their respective markets. SOLARWATT can therefore ensure their established customer base has continued access to first-class products and seamless deliveries in the future.
SOLARWATT GmbH is back on the right track following its restructuring: the solar modules and intelligent end-to-end solutions in premium quality set standards in the industry and the company is currently working at full production capacity. Finance director Carsten Bovenschen looks to the future with confidence: "We are now completely restructured and fully funded, with a healthy shareholder structure", says the CFO. "Although the market is contracting, we have quadrupled our year-on-year revenue in the past twelve months. We have now increased our market share in systems for household use and smaller commercial installations to over ten per cent; and we are working on more innovative products and systems to get SOLARWATT moving even faster. This acquisition puts our business model on an international footing and substantially reduces our dependence on the German PV market", added the CFO. On 26 June the company from Dresden will be in Cologne to present its new SOLARWATT Energy Manager, which is now on the market: the new electronic household wizard manages all energy flows in the house, optimises energy consumption and is a smart way of cutting costs.
Source: IWR Online, 26 Jun 2014
