Aluminum product provider Sapa has stepped out of supplying branded mounting structures to the PV industry, by selling its HatiCon brand and operations to Mounting Systems. HatiCon operates out of offices in Germany and Canada.
Mounting Systems report that the acquisition will deliver valuable know-how in the rooftop racking market.
This fits perfectly in our product portfolio and the services we offer and will benefit our customers, said Mounting Systems Managing Director Stefan Spork. Uniting Mounting Systems and HatiCon is an important milestone for our company.
A little over one year ago German diversified construction company Nordwest Industrie Group acquired Mounting Systems. The mounting structure provider had declared insolvency earlier in the year, as a part of the insolvency of parent Conergy Group.
In an interview with pv magazine in 2014, MD Spork said that the companys new shareholder structure leaves it in a strong position.
We have a very strong balance sheet once again, we have a shareholder who is very orientated on the long term, Spork told pv magazine. It is also a company that is doing a lot of international business. Based on that we have a very strong position and I think that this is an advantage we have compared to some of our competitors right now.
Sapa has indicated that despite selling the HatiCon branded operations to Mounting Systems that it would still continue to supply aluminum products to mounting structure suppliers including Mounting Systems.
Combining Mounting Systems and HatiCon will be an opportunity to create on strong
and competitive player in the photovoltaic and solar thermal mounting systems industry, says Karsten Lundgaard, executive vice president and head of Sapa Building Systems.