The Conergy Group continues with its restructuring plans. In doing so, it also affords its production units increased responsibility: The mounting system and inverter area will respectively operate independently on the solar market as of 1. September 2008. Both companies will also open up their product portfolios to external clients. They will remain 100% owned subsidiaries of Conergy AG, part of the Conergy Group.
Mounting Systems GmbH: Spin-off makes additional and profitable growth possible
Conergy Mounting Systems is one of the largest producers of mountings for solar applications and will be operating under the name "Mounting Systems GmbH" in future. Its registered offices are in Rangsdorf near Berlin. The Managing Director, Stefan Spork, on this development: "We have been active on the market for more than 15 years, and are now one of the most experienced manufacturers of mountings and module frames for photovoltaic and solar heating systems. Opening up to external clients will allow us to achieve additional, profitable growth. Now we look forward to proving our efficiency also in the OEM market".
In the mounting system sector, the "Mounting Systems GmbH" will offer individual solutions using cutting-edge technologies, professional project support and flexible production capacities with regards to aluminium processing. To complete our product range, we also offer mounting systems and components for photovoltaic and solarthermic systems, including frames for modules and collectors. Mounting Systems has been growing at a sound rate for many years. In 2007, sales of Euro 25 million were achieved and these should be significantly higher for the ongoing 2008 financial year.
voltwerk electronics: Award-winning products now also available for third-party customersThe firm formerly known as Conergy Electronics will, in future, operate as an independent company under its new name "voltwerk electronics GmbH". It provides solar convertors, tracking systems and analysis software for photovoltaic installations. This area had also previously only provided components via internal distributional channels for international projects of the Conergy Group. "By being spun-off into an independent company, we are now in a position to make the experience we have gained during 300 MW installations and our award-winning products available to third-party customers for the first time", says Managing Director Dirk Wiegmann. "With our almost complete range of products in the field of electronic solar components, we have long been experiencing increased demand for our products in markets outside of the Conergy Group. We are now in an optimal position to service OEM markets (original equipment market) as well".
The future "voltwerk electronics GmbH" is one of the few manufacturers worldwide which can offer a comprehensive range of electronic products ranging from tracking systems and intelligent terminal boxes, string and central inverters to complete facility monitoring and analysis of all electronic products. All components are developed and manufactured in Germany. Almost 100 employees are working at our facilities in Bad Vilbel and Hamburg, with sales and service support in all important European markets. In 2007, sales of Euro 60 million were achieved.
About Conergy
Conergy AG is one of the leading solar enterprises in Europe and with over 70,000 solar systems installed also a global market leader in the field of solar system integration. Listed since 2005 on the Frankfurt Stock Exchange, the group pursues a global growth strategy: it produces, installs and plans solar systems for its customers in more than 20 countries. The Conergy Group is represented by branch offices on four continents.
This communication is neither a prospectus nor does it constitute an offer to sell or the solicitation of an offer to purchase the shares or other securities of Conergy AG and it does not substitute the prospectus. Subject to the approval by the German Financial Supervisory Authority a securities prospectus will be published prior to the offer period and made available free of charge by Conergy AG and the coordinators. The shares will be offered exclusively on the basis of the prospectus required to be approved by the German Financial Supervisory Authority.
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The information contained in this communication is not for publication or distribution in or into the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in the United States of America, Canada, Australia or Japan. |