Centrosolar to take over part of insolvent Gecko Group06. January 2012 | Industry & Suppliers | By: Sandra Enkhardt/Shamsiah Ali-Oettinger
Munich-based Centrosolar AG will expand its field of activities with this takeover. The purchase is still subject to approval by the German Federal Cartel Office.
Just before the new year, Centrosolar Group AG bought a part of the insolvent Gecko Group. The plant development business division of Gecko Group was offered to Centrosolar for sale by the Frankfurt liquidator Jan Markus Plathner according to Georg Biekehör, spokesperson for investor relations at the company.
The purchase price runs into a six-digit figure. The acquisition was a "useful complement" to Centrosolar's existing businesses but does not necessarily spell "strategic realignment", adds Biekehör.
The Gecko Group is regionally active and have focused on mid-sized photovoltaic plants with an annual turnover of approximately €20 million. The approximately 50 jobs are to be retained, says Biekehör. Nevertheless, the decision still has to be confirmed by the German Federal Cartel Office.
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
- 2825 views
- 2370 views
- 2079 views
- 2079 views
- 2005 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!