Solar Rooftop Leader Esdec Continues On Acquisition Trail In US, Acquires PanelClaw

Nov 10, 2020 12:51 PM ET
  • Esdec, the global rooftop solar placing services company, announced the other day that it has acquired PanelClaw, the biggest vendor of solar installing systems for business roofs in the U.S. With the procurement of PanelClaw, Esdec increases its customer base as well as profile of products available to the growing industrial and commercial (C&I) solar market.

The PanelClaw procurement is the European team's fourth in the United States solar placing market in the past three years and also its very first purchase in the commercial market sector. Today, the consolidated team produces earnings in excess of $300 million each year and also utilizes over 250 individuals worldwide. The regards to the PanelClaw acquisition were not revealed.

" I'm thrilled to welcome PanelClaw to the Esdec Solar Group. This acquisition stands for an immediate rise in our US market show to near-zero overlap with existing customers as well as channels. We now supply an extensive series of flat roofing remedies in the US-- from attached to ballasted, to rail based as well as non-rail based-- through one of the most practical networks for our consumers. We are delighted to welcome the workers to the team," said Stijn Vos, CEO of Esdec. "The North American roof solar industry is poised for eruptive growth in the following years. To power that development, the rooftop industry needs firms with higher resources, supply chain, purchase, and logistics."

Costa Nicolau, PanelClaw CEO stated that "Esdec is the worldwide leader in solar mounting and racking, so this is an action that just made good sense for us. It supplies us with access to R&D depth, solid financial backing, and also economic climates of range that will allow us to expand and also innovate,"

In the meantime, PanelClaw will remain to run as an independent company with a concentrate on straight serving industrial solar programmers, EPC's and installers with its differentiated clawFR product as well as clawOS software application. The present PanelClaw Management Team will proceed leading business. PanelClaw will also preserve its independent brand name while coming to be "An Esdec Company."

For Esdec, with more than 7 GW of mounted ability internationally, entrance into the United States market in September 2018 has been marked with purchases. It got EcoFasten in November 2018, and also acquired IronRidge and also QuickMount in 2019.

Esdec just recently made an entrance right into India as well, via the partner course.

Solar Installers, Manufacturers