{"id":4115,"date":"2021-12-16T10:01:00","date_gmt":"2021-12-16T10:01:00","guid":{"rendered":"https:\/\/new-stage.soltechenergy.com\/mfn_news\/soltech-energy-acquires-100-of-the-facade-company-essa-glas-aluminum-ab\/"},"modified":"2024-05-08T13:17:29","modified_gmt":"2024-05-08T11:17:29","slug":"soltech-energy-acquires-100-of-the-facade-company-essa-glas-aluminum-ab","status":"publish","type":"mfn_news","link":"https:\/\/soltechenergy.com\/en\/mfn_news\/soltech-energy-acquires-100-of-the-facade-company-essa-glas-aluminum-ab\/","title":{"rendered":"Soltech Energy acquires 100% of the facade company ESSA Glas & Aluminum AB"},"content":{"rendered":"
\n

On December 16, Soltech Energy Sweden AB (publ) acquired 100 percent of the shares in ESSA Glas & Aluminum AB (ESSA) with access on January 1, 2022. The company has sales of approximately SEK 110 million with good profitability and has just over 30 employees based in \u00d6rebro. Going forward together with Soltech, the plan is to integrate solar energy into the product range and increase both sales and earnings. The acquisition is Soltech's second acquisition in the facade industry and will strengthen the Group's strength in this growing segment. The acquisition is financed entirely from its own cash and with newly issued Soltech shares.<\/strong><\/p>\n<\/div>\n

\n

Soltech has an offensive growth strategy with acquisitions in the solar, roof, facade and electrical engineering industries. Together, these companies will create synergy effects and build a strong group with cross-border expertise that can offer complete solutions. The acquisition of ESSA will be Soltech's second acquisition in the facade industry and establishes the solar energy group in the \u00d6rebro region.<\/p>\n

\u2013 This acquisition strengthens our position in the facade industry, which is becoming an increasingly important segment in solar energy. We are also strengthening our presence in the strategically important \u00d6rebro region. ESSA Glas & Aluminum is run by skilled entrepreneurs with deep technical and industry expertise, and I would like to warmly welcome Ola, \u00d6rjan and their entire team to Soltech, says Stefan \u00d6lander, CEO of Soltech Energy.<\/strong><\/p>\n

Investing in solar cell facades<\/strong>
ESSA was founded in 2012 and has since had a successful journey and is at the forefront of its industry. The business is run from the production facility outside \u00d6rebro and the company performs all types of exterior and interior glass solutions, with an emphasis on facade construction of commercial properties. When ESSA now becomes part of Soltech, it is a stated ambition to grow within \u200b\u200bsolar cell facades.<\/p>\n

\u2013 It is a great pleasure to now be a part of the Soltech Group, something that brings great opportunities for us as a company. Both in terms of new business opportunities but also in important knowledge exchange and collaboration opportunities with our new sister companies. Becoming part of a large solar energy group will help ESSA to the next level where solar energy solutions will become a great competitive advantage for us, says Ola Karlsson, CEO of ESSA Glass & Aluminum.<\/strong><\/p>\n<\/div>\n

\n

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

\n

Ola Karlsson, CEO, ESSA Glas & Aluminium AB
Mail<\/strong>: ola.karlsson@essaglas.se<\/a>
Phone<\/strong>: 0702- 47 27 00<\/p>\n

Stefan \u00d6lander, CEO, Soltech Energy
Mail: <\/strong>stefan.olander@soltechenergy.com<\/a>
<\/strong>Phone: <\/strong>070 739 80 00<\/p>\n<\/div>\n

\n

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

\n

ESSA Soltech \u00d6rjan Wilander Ola Karlsson<\/a><\/p>\n<\/div>\n

\n

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

\n

Soltech Energy acquires 100% of the facade company ESSA Glas & Aluminum AB<\/a><\/p>\n<\/div>\n