News Article
German companies join forces aiming to tap lucrative solar market
German company Rena has announced plans to take over Hollmuller Maschinenbau (Hollmuller) also a German company.
German company Rena has announced plans to take over Hollmuller Maschinenbau (Hollmuller) also a German company.
The companies look forward to further expansion and will strengthen their market position with the acquisition. Both Rena and Hollmuller are reaping the benefits of the fast growing solar market and wish to expand their capacities significantly. Ambitious targets have been set.
Rena is preparing for the expected growth on the solar industry market. Market surveys predict an annual growth of over 30% in the coming years. While growth was restricted in the past due to the shortage of silicon, the latest LBBW survey on the photovoltaic market now sees a possible bottleneck in the field of production facilities for the manufacture of solar cells. A problem which offers equipment manufacturers such as Rena and Hollmuller a huge opportunity.
“We see this as an enormous step forward. We intend to expand our market share of the photovoltaic industry even further with the acquisition of Hollmuller and to cover a large part of the rapidly growing market. We want to operate with more force on the world market. We can achieve this by bringing our production capacities in line with the speed of the market growth,”says Jurgen Gutekunst, managing director of Rena.
Hollmuller will wholly become a subsidiary of Rena.
Hollmuller develops and produces wet chemical systems for the world market, their applications include electroplating, flat-panel and display production as well as equipment for the solar industry.
“The two companies complement each other in their technologies and both wish to expand even further. Together we have the right basis for a good market offering,” says Joe Kresky, managing director at Hollmuller.
The aim of both companies, who will continue to operate under their original company names, is for profitable growth. Rena and Hollmuller will combine their positions in the technology of wet chemical systems for the solar and semiconductor industries by expanding their production plants. The capacities in
Poland will be doubled. Similarly the German locations with be expanded significantly, as was the case in previous years. By integrating their global sales and service networks Rena and Hollmuller will increase both their sales force and their proximity to the customer.
