OMV gets clearance to install 200-MW electrolyser in Austria
Sep 06, 2024 9:09 CESTPrivate equity firm Trilantic Europe has sealed a deal to buy a stake of 60% in Austrian solar mounting solutions supplier Aerocompact Group, with the investment aimed at expanding the business internationally.
Established in 2014, Aerocompact develops, makes and distributes substructures for mounting photovoltaic modules. The company currently has about 150 employees worldwide and has subsidiaries in Austria, Germany, the US, India and Bulgaria. The Satteins-headquartered business achieved over EUR 100 million (USD 108.7m) in revenues for the first time in 2023.
The remaining 40% shareholding will be kept by founder Mathias Muther through his private foundation. The financial details of the transaction, which hinges on regulatory clearance, were kept under wraps.
“The entry of Trilantic Europe opens up the opportunity to accelerate our growth plan to expand our international market presence and seek potential acquisitions even further,” Muther noted in the press release.
(EUR 1 = USD 1.087)
OMV gets clearance to install 200-MW electrolyser in Austria
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