fwp advised on the repurchase of GREENoneTEC from the Chinese Haier Group
Vienna, January 2021. Fellner Wratzfeld & Partners (fwp) advised on the acquisition of 51% of the shares in GREENoneTEC Solarindustrie GmbH, the world’s leading manufacturer of solar thermal flat-panel collectors.
GREENoneTEC Solarindustrie GmbH is a company specializing in hydro-solar systems and with a production capacity of above 1.6 million square meters of collectors per year the world’s largest manufacturer of thermal flat-panel collectors.
By end of the year 2020 the solar innovation company based in Carinthia reorganized its shareholder structure with the support of fwp, including a buy-out of the Chinese electrical appliance group Haier. GREENoneTEC is thus once again 100 percent in Austrian hands.
fwp partner Florian Kranebitter on the transaction: "We are particularly pleased to have contributed with this transaction also to another milestone for the expansion of the production of sustainable products with international standing Made in Austria."
The fwp team led by fwp partner Florian Kranebitter, which once again demonstrated with this transaction its outstanding expertise in the field of Corporate/M&A in the international context, was also comprising the fwp associates Matthias Gangl and Philipp Gailer.