Sapa Sells HatiCon to Mounting Systems GmbH

Sapa Group has sold its HatiCon operations to the German company Mounting Systems GmbH. HatiCon produces, markets and sells aluminum extrusion-based mounting systems for the solar industry. The agreement recently reached means that Mounting Systems GmbH will, effective immediately, take over the operations for HatiCon Germany GmbH including the US company HatiCon Solar, LLC. The divestment concludes a process during which the management of Sapa’s aluminum building systems business area had also evaluated new restructuring measures following challenging market conditions in the solar industry in Europe.

“Combining Mounting Systems and HatiCon will be an opportunity to create a strong and competitive player in the photovoltaic and solar thermal mounting systems industry,” says Karsten Lundgaard, executive vice president and head of Sapa Building Systems.

Sapa delivers aluminum solutions to customers in the solar industry across the world, however, HatiCon had been the only unit in Sapa delivering branded systems to this industry. “Going forward, Sapa will not be operating with branded systems in this industry but rather continue as a supplier of aluminum extrusions to companies like Mounting Systems and Haticon,” concludes Lundgaard.

For over 20 years Mounting Systems has been developing and manufacturing innovative racking system solutions for photovoltaic and solar thermal applications. With the acquisition of HatiCon, Mounting Systems will continue to grow as a specialist in innovative and high-quality racking system solutions for photovoltaic and solar thermal systems, both nationally and internationally.

“Uniting Mounting Systems and HatiCon is an important milestone for our company,” says Stefan Spork, Managing Director of Mounting Systems. “By acquiring HatiCon, we gain valuable know-how in racking systems solutions, especially for on-roof systems. This fits perfectly in our product portfolio and the services we offer and it will benefit our customers,” adds Spork.

HatiCon’s production activities and head office are in Pinnow, Germany. The company also has offices in Güterfelde, Germany, and Ontario, California. HatiCon employs about 100 people. The companies agreed to keep the purchase price confidential. The brand “HatiCon” and all associated functions, such as administration, management and infrastructure, will be continued for now.

Sapa 
www.sapagroup.com

Mounting Systems GmbH
www.mounting-systems.com