M+W Americas acquires U.S. subsidiary of Gehrlicher

M+W Americas aims to strengthen its power plant business through the acquisition
M+W Americas aims to strengthen its power plant business through the acquisition

M+W Americas Ltd., a member of the M+W Group GmbH from Stuttgart, has acquired Gehrlicher Solar America Corporation (GSAC). It will operate as an independent subsidiary company of M+W.

With this acquisition, M+W intends to strengthen its capabilities in engineering, procurement, construction, operation and management of PV systems between 1 and 15 MW, and become the largest complete system provider for PV power plants in North America. "This acquisition is a further step in the expansion of M+W Group's global expertise in this market, allowing us to offer our customers comprehensive solutions for PV power plants in Europe, Asia and now also in America," explains M+W Group CEO Jürgen Wild.

The other side is also satisfied with the solution. "We are more than pleased that we were quickly able to find a strong partner for the U.S. subsidiary of Gehrlicher with the help of the M+W advisors in Germany and the United States," says preliminary insolvency administrator Oliver Schartl from the Munich firm Müller-Heydenreich Beutler & Kollegen. Dr. Stefan Parhofer, board member of Gehrlicher Solar AG, also emphasised that the acquisition was "the best thing for both our customers and our employees."

Jerry Shinn, who had previously served as COO at GSAC, will now assume the position of President.

Jeannine Gehle

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