Trilantic Europe, a European private equity firm with a dedicated energy transition strategy, acquired a 60% stake in AEROCOMPACT Group, a solar mounting solutions provider specializing in the development, production and distribution of substructures for mounting photovoltaic modules. With this investment, Trilantic plans to expand the company’s growth plan internationally. Founder Mathias Muther will remain a significant shareholder with a 40% stake in AEROCOMPACT through his private foundation.
Credit: AEROCOMPACT
AEROCOMPACT’s products have roots in Vorarlberg, Austria, are already installed in more than 60 countries around the world.
“Our strong growth trajectory since the company was founded around 10 years ago shows that there is enormous potential in our products and engineering services,” said Mathias Muther, founder of AEROCOMPACT. “The entry of Trilantic Europe opens up the opportunity to accelerate our growth plan to expand our international market presence and seek potential acquisitions even further. Thanks to the international reach of our new shareholder Trilantic Europe, both in the renewable energy sector and in the capital market, we can pursue this goal with full vigor. We are very pleased about this extremely positive milestone for our company.”
The transaction is subject to approval by the relevant authorities.
AEROCOMPACT expects to reach above €100 million in revenues for the first time in 2023. There are a number of personnel and operational changes planned for the company. Due to demand, AEROCOMPACT’s own production capacities for PV substructures were ramped up at a new plant in Bulgaria. The production line in Nüziders, Vorarlberg, Austria, which was mainly used for prototype construction, was shut down as a result.
“We have been impressed by the quality of AEROCOMPACT’s solar mounting solutions, the growth momentum shown across all its current markets, and the enthusiasm and vision of the entire team,” said Vittorio Pignatti-Morano, chairman of Trilantic Europe. “Through our partnership with AEROCOMPACT, we are confident we can accelerate growth even further and create a truly international champion in the solar mounting space, while also delivering on our investment sustainability commitments.”
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