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Heliocentris acquires P21 out of insolvency

Heliocentris Energy Solutions has purchased all assets of the bankrupt P21 through a new subsidiary.

By Renewable Energy Focus

The Creditors’ Assembly has approved of the acquisition. The P21, which focused energy solutions for the telecommunications industry, was established as a buy-out by former employees of Mannesmann. It filed for insolvency in March 2011.

Heliocentris Energy Solutions, CEO, Dr. Henrik Colell says: “For a long time, we have regarded company acquisitions as a growth option. This step will also accelerate our entry into industrial business. Promising negotiations with regard to major projects are already ongoing.”

P21 is currently developing solutions which enable customers operate autonomous energy systems using solar photovoltaics (PV) and wind power.

 

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This article is featured in:
Energy storage including Fuel cells  •  Photovoltaics (PV)  •  Policy, investment and markets  •  Wind power

 

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