Sapa sells HatiCon to Mounting Systems GmbH

Sapa has sold its HatiCon operations to the German company Mounting Systems GmbH. HatiCon produces, markets and sells aluminium extrusion-based mounting systems for the solar industry.

Rangsdorf, January 8 2015

The agreement reached today means that Mounting Systems GmbH, will with immediate effect take over the operations for HatiCon Germany GmbH including the US company HatiCon Solar, LLC.

The divestment concludes a process in which the management of Sapa's aluminium building systems business area also had 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 on 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 aluminium solutions to customers in the solar industry across the world, however, HatiCon has 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 aluminium extrusions to companies like Mounting Systems and Haticon", concludes Lundgaard.

For over 20 years Mounting Systems develops and manufactures innovative racking system solutions for photovoltaic and solar thermal applications. With acquiring HatiCon, Mounting Systems continues growing as a specialist for 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. "With 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 will benefit our customers", adds Stefan Spork.

HatiCon's production activities and head office are in Pinnow, Germany. The company also has offices in Gterfelde, Germany, and Ontario, California. HatiCon employs about 100 people.

The companies agreed on keeping the purchase price confidential. The brand "HatiCon" and all associated functions, like administration, management and infrastructure, will be continued for now.

Sapa is the world leader in aluminium solutions, shaping a lighter future through a global reach and local presence within extrusions, building systems, and precision tubing. The company has 23,000 employees in more than 40 countries, and the headquarters are located in Oslo, Norway.
Mounting Systems GmbH is one of the largest manufacturers of fastening systems for photovoltaic and solar-thermal power plants in the world and module frames. With over 20 years of experience in the market, the company is a highly skilled developer and manufacturer in this business segment, headquartered in Rangsdorf near Berlin. Mounting Systems is also serving its customers from its own sales and production site in West Sacramento, USA and sales offices in UK, France and Japan.

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