US investors acquire Solvis

05.11.2015
Solar pioneer Solvis is being acquired by US investors (Photo: Solvis)
Solar pioneer Solvis is being acquired by US investors (Photo: Solvis)

The German solar pioneer Solvis has filed for bankruptcy. Insolvency proceedings were initiated on 30 October. However, an investor from the United States has already been found who will take over the company.

Insolvency proceedings were initiated against the assets of Solvis GmbH & Co. KG on 30.10.2015. The creditors' committee has approved the sale of the company to Andlinger. "I am very happy that we have managed to ensure a seamless transition of business operations and to preserve all jobs at the Braunschweig location," said Peter Steuerwald, the lawyer appointed to be the insolvency administrator.


Andlinger's involvment means that the pioneering solar company Solvis will now have the necessary resources for future growth. The new company is financed entirely by equity and is free of debt. "Our capital investment together with the know-how and the innovative strength of the Solvis team provides a solid basis for further development of the company and its product range," said Andlinger partner Gerhard Unterganschnigg in a press release. "In our view, Solvis is a trend-setter for innovative, sustainable heating systems, and we would like to explicitly pay tribute to the role that the company has played together with its reliable installation partners and customers over the past 25 years."

Solvis will remain under existing management

All employees are to be retained at Solvis GmbH. The previous managing directors Stefan Lindig and Markus Kube will retain their roles at Solvis. They emphasise that Solvis will continue to be a reliable partner for installation technicians: "Our long-term installation partners and their customers are very important to us. ... For this reason, we will continue to honour existing valid agreements regarding guarantee and warranty cases." This assurance applies expressly to all pending guarantee and warranty cases that have not yet been completed.

The new owner Andlinger & Company describes its investment strategy on its own website: "We have no maximum holding period, our financial commitment is open ended."

Volker Buddensiek

Similar Entries

Excelsior Energy Capital (“Excelsior”), a renewable energy infrastructure fund focused on long-term investments in wind and solar power plants in North America, and Unico Solar Investors (“Unico Solar”), a wholly owned subsidiary of Unico Investment Group LLC that develops, owns and operates commercial and community solar installations, announced the completion of a 300-kilowatt solar energy system at Central Station, a new four-story, 125,000-square-foot office building. Developed by SteelWave and owned by Principal Real Estate Investors, the building is located at 285 Sobrante Way in Sunnyvale, California.

Under the motto "Think Ahead", the meteocontrol team will be presenting innovative solutions for the energy transition at Intersolar Europe at its booth B3.574. pict.: meteocontrol GmbH

Under the motto "Think Ahead", meteocontrol GmbH will be demonstrating at its booth B3.574 at Intersolar Europe how more efficient operational management can save time, increase yields and thus drive forward the energy transition.

SSE Renewables to be official STEM partner for the Hydro Ness (pict. SSE Renewables)

SSE Renewables are to be the official STEM partner of the Hydro Ness project and have made a substantial contribution to support educational information points at the site and school outreach materials.

In 2021, the term climate change has grown ever more prominent into the public domain and imposed itself on the lives of individuals around the globe. Understanding the causes of climate change has become vital in understanding how we prevent its accelerating nature, specifically how and which human activity is contributing to the imbalances of natural, worldly processes.