Viessmann Photovoltaik GmbH has come to an agreement with Schüco International KG to take over Schüco's photovoltaics business, subject to consent from supervisory authorities.
The aim of the acquisition is to extend the product portfolio, increase its customer base and gain benefit from synergy effects. Viessmann Photovoltaik GmbH wishes to expand its business activities, especially in core European markets such as Germany, Italy, the UK and the Benelux countries.
As a company with deep roots in window and facade technology, Schüco International KG will now focus on its core expertise in this sector.
Viessmann Photovoltaik GmbH will continue to expand the knowledge base developed by Schüco over recent years, particularly its expertise in solar modules and supporting structures.
As a subsidiary of an internationally active manufacturer – the Viessmann Group –, Viessmann Photovoltaik GmbH will be able to create synergies since it can offer access to Viessmann's comprehensive range of heating, cooling, and climate control products.
Trade professionals can therefore not only acquire Viessmann heat pumps and matching storage systems, but also complete photovoltaic system technology – from modules and inverters through to supporting structures. Heat pump controllers are already designed in such a way that they optimise usage of electricity generated in a PV system.
