Ahlsell to buy solar equipment provider Solelgrossisten

• Swedish technical trader Ahlsell, possessed by personal equity firm CVC Capital Partners, has sealed a deal to acquire neighborhood solar equipment wholeseller Solelgrossisten Sverige AB in a push to expand its offering of e-mobility, power storage space and also solar energy products.

The price of the offer was not disclosed.

Solelgrossisten specialises in solar energy, EV charging as well as energy storage space, marketing its products to installers as well as dealers. The company additionally offers a proprietary calculation tool for dimensioning photovoltaic installations. Business reported a turnover of SEK 95 million (USD 9.15 m/EUR 8.62 m) for 2021.

Completion of the offer is anticipated in very early January 2023.

Ahlsell is a distributor of installment products, tools and products for installment, building and construction, real estate administration, industrial and power companies as well as the general public market. It has around 6,000 workers and also operates over 240 stores and 3 warehouses.