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.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.