25 / 05 / 2023
Amsterdam / Munich / Wurmannsquick
Egeria acquires enwitec, a leading provider of photovoltaic connection components
Egeria, an independent pan-European investment company, announced that funds advised by Egeria will acquire a majority interest in enwitec. enwitec, headquartered in Germany, is a leading provider of photovoltaic connection components, mainly focused on customized solutions. The founder, Mr. Johann Wimmer, will re-invest in the company, along with key employees, and will continue to lead the business. The acquisition is subject to customary closing conditions and is expected to be finalized in the second quarter of 2023. Financial details of the transaction have not been disclosed.
enwitec, founded in 2014, has achieved significant self-funded growth over the last years and developed into a leading player for photovoltaic connection components in Germany and other European markets. The company is operating from Wurmannsquick (Bavaria), Germany and employs more than 70 employees.
The global energy transformation has led to strong tailwinds for the photovoltaic (PV) industry fueled by strong policy support, ambitious expansion targets and an increased attractiveness of self-sufficient energy production. enwitec will be able to capitalize on this development as the key provider of the relevant connection components in a growing number of battery-backed PV systems and contribute to an efficient expansion of this energy source. The investment by Egeria provides the company with the financial backing and operational support to enter a new growth phase as a leading provider of customized PV technology.
Hannes Rumer, Managing Partner DACH at Egeria in Munich: “We are impressed with enwitec’s development over recent years and management’s achievement on growing the company with a strong entrepreneurial spirit in this high-growth industry. Delivering a high-quality, innovative and reliable product proposition, enwitec has built long-term development partnerships with leading OEMs across Europe, positioning itself as a crucial partner for PV technology with deep product expertise. We look forward to partnering with Johann Wimmer and his team and supporting the management in achieving their ambitious growth plans, also leveraging our expertise in the renewable energy sector from our Isoplus investment.”
Johann Wimmer, enwitec Founder and CEO: “We are very excited to have Egeria on board as a new partner. Over time, we have developed this company into a sought-after partner for leading manufacturers in the PV industry and have established deep expertise for customized solutions in the niche of PV connection components. We welcome Egeria as the ideal partner for the next growth phase, especially given its expertise in the green energy space. Together with our trusting clients and business partners we want to unlock the great potentials that photovoltaics offers internationally in the coming years.”
Founded in 2014, enwitec is a leading provider of photovoltaic connection components, both for the residential as well as for the commercial segment. The company focuses on customized solutions and develops bespoke products in collaboration with leading European OEMs (inverter and battery manufacturers). Its portfolio covers various use cases in a wide range of PV system specifications and is adapted to different European countries` connection requirements. Assembly takes place at the production site in Wurmannsquick (Bavaria), Germany.
For more information on enwitec, please visit www.enwitec.eu
Egeria is an independent pan-European investment company founded in 1997, which focuses on medium-sized companies. Egeria invests in healthy companies with growth potential. Egeria believes in building businesses jointly with entrepreneurial management teams (Boldly Building Together). Egeria Private Equity Funds have interests in 15 companies in the Netherlands and the DACH region, while Egeria Evergreen has investments in 7 companies. Egeria’s portfolio companies generate combined revenues of more than EUR 2.5 billion and employ more than 12,500 people. Other activities include Egeria Real Estate Investments, Egeria Real Estate Development and Egeria Listed Investments. In 2018 Egeria launched “Egeriado“, a corporate giving program that supports projects in the world of art, culture, and society.
For more information on Egeria, please visit: www.egeriagroup.com