{"id":14255,"date":"2026-01-29T19:00:00","date_gmt":"2026-01-29T18:00:00","guid":{"rendered":"https:\/\/soltechenergy.com\/mfn_news\/soltech-energy-sells-back-its-share-of-the-subsidiary-365zon-in-the-netherlands-to-the-founders-and-comments-on-the-effects-of-the-structural-changes-announced-on-january-23-2026\/"},"modified":"2026-01-29T19:23:40","modified_gmt":"2026-01-29T18:23:40","slug":"soltech-energy-sells-back-its-share-of-the-subsidiary-365zon-in-the-netherlands-to-the-founders-and-comments-on-the-effects-of-the-structural-changes-announced-on-january-23-2026","status":"publish","type":"mfn_news","link":"https:\/\/soltechenergy.com\/en\/mfn_news\/soltech-energy-sells-back-its-share-of-the-subsidiary-365zon-in-the-netherlands-to-the-founders-and-comments-on-the-effects-of-the-structural-changes-announced-on-january-23-2026\/","title":{"rendered":"Soltech Energy sells back its share of the subsidiary 365zon in the Netherlands to the founders and comments on the effects of the structural changes announced on January 23, 2026"},"content":{"rendered":"
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On April 1, 2022, Soltech Energy acquired 53.3 percent of the of the subsidiary 365zon in the Netherlands, 365zon Energie Holding B.V. Soltech has had a binding option to acquire the remaining 46.7 percent. The cost for exercising this option was set at approximately SEK 30 million with settlement during the first quarter of 2026. The Board of Directors has decided to sell Soltech’s share back to the minority owners of the company for EUR 1 instead. The solar energy market in the Netherlands has declined sharply in recent years and the Board’s assessment is that the subsidiary 365zon and the solar energy market in the Netherlands will have a long recovery time. Soltech further assesses that 365zon will need shareholder support to continue to run the business long-term. In the near term, Soltech prioritizes profitability and to turn the Group towards profitability in 2026, preserving cash and allocating capital to the business areas that have the highest potential for positive value growth.<\/strong><\/p>\n<\/div>\n

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Soltech\u00a0acquired\u00a053.3 percent of 365zon in April 2022 with a binding option to\u00a0acquire\u00a0the remaining 46.7 percent.\u00a0The cost for exercising this\u00a0option\u00a0was set at\u00a0approximately SEK\u00a030 million. When the acquisition was completed in 2022, the consumer market in solar energy was\u00a0very strong\u00a0and 2023 was a record year. In 2024 and 2025, the consumer market deteriorated sharply in the Netherlands,\u00a0mainly\u00a0due to\u00a0regulatory changes but also to a weaker macroeconomic climate. As a result, 365zon has rapidly declining profitability\u00a0and Soltech believes that the company\u00a0will have a long recovery time. Until then,\u00a0the assessment is\u00a0also\u00a0that the company needs\u00a0additional\u00a0shareholder support. The sale of\u00a0Soltech’s\u00a0share in the subsidiary enables a saving of liquidity (partly the option and partly\u00a0additional\u00a0shareholder support) and that the management can focus on the rest of the operations within the\u00a0Group, which are considered to have higher potential for positive value development for\u00a0Soltech’s\u00a0shareholders.<\/p>\n

\u2013\u00a0For a couple of years, the solar energy market has been\u00a0challenging,\u00a0and we are now implementing a wide range of measures to turn the Soltech Group back into the black\u00a0figures. We believe in 365zon in the long term, which is led by a competent local team, but we must act here and now, and then we believe that it is more important to maintain liquidity in the Group and avoid large outflows in the near future,\u00a0says Patrik Hahne, CEO of Soltech Energy.<\/strong><\/p>\n

Comments on the decision on structural changes announced on 23 January<\/strong><\/p>\n

On January 23, the Board of Directors of Soltech announced that the Group is implementing\u00a0several\u00a0structural changes for the subsidiaries in solar energy for private individuals in Sweden and Norway as well as a review of the presence in the Netherlands. The divestment of 365zon in the Netherlands, together with other communicated structural changes in the subsidiaries in solar energy for private individuals, will now have\u00a0several\u00a0different effects.<\/p>\n

A full report will be published in the year-end report that will be released on February 19, 2026. Some of the effects are described below:<\/p>\n

The Soltech Group’s earnings will be positively\u00a0impacted\u00a0by the announced structural changes in the consumer market and the sale of\u00a0Soltech’s\u00a0share in the subsidiary 365zon. Reported earnings excluding these parts are shown as follows. The businesses addressed are expected to be unprofitable overall in the fourth quarter as well.<\/p>\n

The table below shows Q3 figures in MSEK<\/p>\n

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Screenshot<\/p><\/div>\n

In addition to this,\u00a0Soltech continues to implement\u00a0several\u00a0activities and initiatives\u00a0to reduce the cost base,\u00a0including\u00a0organizational changes, reduction of fixed\u00a0costs\u00a0and efficiency improvements. These\u00a0activities and\u00a0initiatives will begin to be realized in the first half of 2026.\u00a0In addition to this, Soltech also conducts\u00a0several initiatives to increase sales and marketing.<\/p>\n

The sales of\u00a0Soltech’s\u00a0share in the subsidiary 365zon is expected to contribute to an impairment need of SEK 143 million, which will affect the result for the fourth quarter, but will at the same time reduce the option debt by approximately SEK 44 million and have a positive impact on earnings in the fourth quarter.<\/p>\n

Soltech assesses that the remaining cash in the Group is sufficient to meet the Group’s ongoing operations and commitments to customers,\u00a0suppliers\u00a0and employees\u00a0for the\u00a0foreseeable future.<\/p>\n<\/div>\n

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For more information, please contact:<\/strong><\/p>\n

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Patrik Hahne, CEO, Soltech Energy Sweden AB
\nE-mail: <\/strong>patrik.hahne@soltechenergy.com<\/a>
\nPhone<\/strong>: +46 73- 518 51 66<\/p>\n<\/div>\n

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About Soltech Energy Sweden AB (publ)<\/strong><\/p>\n

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Soltech Energy is a full-service provider with market-leading expertise in solar energy, electrical engineering, fa\u00e7ades, roofing contracting, charging infrastructure, and advanced energy storage solutions with integrated smart control systems. Soltech Energy Sweden AB (publ) is listed on the Nasdaq First North Growth Market under the ticker symbol SOLT. The Company\u2019s Certified Adviser is DNB Carnegie Investment Bank AB. For more information, visit: https:\/\/soltechenergy.com<\/a><\/p>\n<\/div>\n

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This information is information that Soltech Energy Sweden is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-01-29 19:00 CET.<\/em><\/p>\n<\/div>\n

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Image Attachments<\/strong><\/p>\n

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Soltech<\/a><\/p>\n<\/div>\n

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Attachments<\/strong><\/p>\n

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Soltech Energy sells back its share of the subsidiary 365zon in the Netherlands to the founders and comments on the effects of the structural changes announced on January 23, 2026<\/a><\/p>\n<\/div>\n