Esdec has acquired PanelClaw, the 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.
“I’m excited to welcome PanelClaw to the Esdec Solar Group. 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. The North American rooftop solar industry is poised for explosive growth in the next decade. To power that growth, the rooftop sector needs companies with greater resources, supply chain, procurement, and logistics.”Stijn Vos, CEO of Esdec.
“Esdec is the global leader in solar mounting and racking, so this is a move that just made sense for us. It provides us with access to R&D depth, strong financial backing, and economies of scale that will enable us to grow and innovate. Our confidence in the growth and potential of the North American solar market is unparalleled and we look forward to building that future with Esdec.”Costa Nicolaou, CEO of PanelClaw.
PanelClaw will continue to operate as an independent business with a focus on directly serving commercial solar developers,