We’re excited to announce that Esdec has acquired PanelClaw, the largest supplier of solar mounting systems for commercial roofs in the U.S. With the acquisition of PanelClaw, Esdec expands its customer base and portfolio of products available to the growing commercial and industrial (C&I) solar market.
Esdec CEO Stijn Vos welcomed the new members of the Esdec family: “This acquisition represents an immediate increase in our US market share with near-zero overlap with existing customers and channels. We now offer an extensive range of flat roof solutions in the US—from attached to ballasted, to rail based and non-rail based—through the most convenient channels for our customers. We are delighted to welcome the employees to the group”
If you would like to speak with Stijn Vos to learn more about the acquisition or other topics, please email firstname.lastname@example.org.
Front Row: Esdec Solar Group CEO Stijn Vos, Esdec Solar Group CTO: Dieuwke Boersma. Back Row: PanelClaw CEO Costa Nicolaou, PanelClaw CTO John De Papp, Esdec Solar Group CFO: Boudewijn Nijdam and PanelClaw CFO & COO: Thomas Ringler
Official press announcement
ESDEC ACQUIRES PANELCLAW
San Francisco, CA and Boston, MA–November 9, 2020– Esdec, the leading global rooftop solar mounting solutions provider, announced today that it has acquired PanelClaw, the largest supplier of solar mounting systems for commercial roofs in the U.S. With the acquisition of PanelClaw, Esdec expands its customer base and portfolio of products available to the growing commercial and industrial (C&I) solar market. The PanelClaw acquisition is the European group’s fourth in the US solar mounting market in the past three years, and its first acquisition in the commercial market segment. Today, the combined group generates revenues in excess of $300 million annually and employs over 250 people worldwide. The terms of the PanelClaw acquisition were not disclosed.
“Dutch rooftop solar mounting provider Esdec has acquired US mounting specialists IronRidge and Quick Mount PV, claiming the double acquisition gives it a dominant share of the US residential mounting market.”
“The addition of IronRidge and Quick Mount PV to current Esdec company, EcoFasten, creates the largest solar mounting systems group in the U.S., representing more than 60% share of the residential market.”