Conergy mounting systems unit sold

Conergy's module plant has already been sold

Conergy's module plant has already been sold

German investment company Nordwest Industrie Group (NWI) will buy Conergy’s PV mounting systems unit in Rangsdorf near Berlin.

The deal signed yesterday follows the recent sale of Conergy’s module factory in Frankfurt (Oder), and the sale of Conergy’s brand name and a number of its sales and service businesses over the summer to US investor Kawa Capital Management shortly after Conergy declared itself insolvent.

“Together with NWI, Mounting Systems has a solid balance sheet and is positioned to meet the future challenges of the solar industry,” says Mounting Systems managing director Stefan Spork.

“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.”

The sale of the unit successfully concludes the third and last takeover in the insolvency proceedings of Conergy group and thereby secures 740 of around 1,000 jobs in the group, insolvency administrator Sven-Holger Undritz said.

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