IWB takes over Kunz-Solartech
Industrielle Werke Basel (IWB) is buying Kunz-Solartech GmbH from Brittnau. The company, which specialises in private customers and SMEs, is to complement IWB's offering in the growth market of photovoltaics.
The Basel-based energy supplier IWB is acquiring Kunz-Solartech GmbH of Aargau. The takeover is intended to strengthen IWB’s position in the growth market for photovoltaic systems, the energy supplier explains in a corresponding statement. No details are given there about the purchase price.
IWB plans to expand its own production capacities for solar power to at least 100 megawatts by 2023. In addition, the company implements photovoltaic systems for private and business customers. The company’s subsidiary Planeco specialises in the construction of large and complex solar plants. Kunz-Solartech GmbH, which focuses on the planning and installation of photovoltaic systems for private customers and SMEs, is to round off IWB’s range of services.
“There are still far too many roofs without photovoltaics and the installation companies are working to full capacity,” Markus Balmer, Head of Sales at IWB, is quoted as saying in the statement. For Nico Knubel, Managing Director of Kunz-Solartech, on the other hand, IWB is “a large and established partner that offers our employees secure prospects for the future”. Under the IWB umbrella, his company can make even better use of the potential in the growing solar market and realise many more plants for its customers.