Ecostal Group acquires Solexis

Ecostal Group, a B2B photo voltaic specialist, has acquired Swiss PV gear distributor Solexis. The group says the merger will develop its operations in Switzerland.

September 9, 2024 Patrick Jowett

Ecostal Group Chairman Stéphane Dauvister, Solexis CEO Frédéric Bichsel, and Ecostal Group CEO Christophe Piron

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Ecostal Group Chairman Stéphane Dauvister, Solexis CEO Frédéric Bichsel, and Ecostal Group CEO Christophe Piron

Picture: Ecostal Group, Solexis

Belgium’s Ecostal Group has acquired Solexis, a Switzerland-based B2B distributor of PV gear. The monetary phrases of the deal haven’t been disclosed.

Ecostal Group mentioned the combination of Solexis marks “a brand new stage in its European growth technique,” as it would now lengthen its actions into Switzerland. The group is structured as each a B2B distributor of PV options and a producer and an installer of medium- to large-scale photo voltaic initiatives. It operates as 9 separate authorized entities throughout Belgium, France, Spain and now Switzerland after its newest merger.

“The 2 corporations have complementary distribution networks and comparable DNA,” mentioned Ecostal Group CEO Christophe Piron, “What we now have in widespread is a want to be near our clients and to assist them at each stage of their work with a stage of service that’s among the many highest within the sector.”

Solexis CEO Frédéric Bichsel added that the merger is totally according to the corporate’s ambitions for the longer term. “By becoming a member of forces, we’re giving Swiss installers the backing of a European chief within the sector and entry to an much more complete vary of services and products,” he mentioned.

As a part of the settlement, Bichsel turns into a shareholder of Ecostal Group, retains his position as Solexis managing director and turns into a member of the Ecostal Group government committee.

In December 2023, Ecostal acquired Belgian B2B specialist Undertaking Zero.

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