Germany-based Wurth Solar says it will transfer ‘major parts’ of its solar business to BayWa and a possible additional partner.
‘We have come to the conclusion that major basic conditions and prerequisites for success on the photovoltaic market do not apply so much to the Wurth Group as they do to companies which have defined renewable energies as their core business,’ explains Karl-Heinz Grosse, CEO of Wurth Solar.
BayWa will assume – subject to the approval of antitrust authorities – the activities of Wurth Solar in the specialized dealer sector in Germany and Switzerland and the operations and maintenance segment for solar power plants. This includes the acquisition of the installation system manufacturer Creotecc, with its activities in Germany and the U.S.
A takeover of Wurth's solar power plant activities is currently being negotiated with additional partners. However, the customer service department will remain at Wurth and will maintain, repair, monitor and upgrade existing systems.
Approximately 180 of the company's 230 employees are expected to be given positions under the new business model.