Renewable energy technology company Pari Group has agreed a letter of intent to acquire most of the assets of Renusol, a German outfit owned by Gibraltar Industries that provides assembly solutions to the photovoltaic industry.
Pari Group said it will take over a part of Renusol’s staff in Cologne, retain the product offering and brand name, and continue to serve the company’s customers in Europe, Middle East and Africa.
However, Renusol America will continue to serve the Americas and the rest of world as part of Gibraltar Industries.
The transaction is expected to close within the next four weeks.
Image: sxc
Germans assemble solar team
Pari Group to acquire European assets of PV solutions provider Renusol
By EBS