Conergy presents an investor and starts up their module factory again

Conergy brand goes to a U.S. investor. (Photo: dpa)
Conergy brand goes to a U.S. investor. (Photo: dpa)

The insolvent corporation Conergy AG has apparently found an investor for its worldwide sales and service units. The Hamburg-based company expects the contract with Kawa Capital Management, Inc. of Florida, USA, to be signed in August. According to a letter of intent that has already been signed, Kawa will take over the entire distribution structure of Conergy AG as well as the brand.

Even though the Conergy companies that manufacture mounting systems and modules are not part of the Kawa investment, Conergy reports that they will restart module production in Frankfurt / Oder in normal shifts on Monday. At Mounting Systems in Rangsdorf, production continues unchanged; Conergy states that the utilization rate is very good.

In addition to distribution companies in Germany, Europe, North America, Asia and Australia, Kawa will also take over units that belong to the parent company. The two companies want to send a signal of continuity to customers and employees. Conergy CEO Philip Comberg sees Kawa as an ideal partner with whom they have agreed on the future strategy for some time already: "Our areas of expertise complement each other perfectly. During the last two years, we have consistently aligned Conergy with our strengths in international sales and services and have simultaneously been working on new financing and asset management services. This means that Conergy is optimally positioned for the future needs of the solar growth markets. With Kawa we now have a strong financial partner at our side who will invest in the company in the long term."

Ralf Ossenbrink

Related news:

Conergy AG files for bankruptcy

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