Soltech Energy Sweden AB (Soltech), a rooftop solar solutions provider, has acquired a stake of 90.1 per cent of Wettergrens Tak & Plåtslageri AB (Wettergrens), a roofing company. The acquisition is financed entirely with cash and newly issued Soltech shares. The company makes approximately $3.48 million in revenue and has about 20 employees based in Nyköping.
Wettergrens is Soltech’s 17th purchase since the company’s acquisition strategy began in 2019. This investment will support the company’s plan to convert traditional roofing, façade, and electrical technology businesses into solar energy providers. To meet the demands of clients, Soltech provides rooftop solar and building-integrated solar systems. In the fields of solar, roof, facade, and electrical engineering, it has an ambitious acquisition and expansion strategy.
Wettergrens is a roofing contractor with a local presence in Södermanland and about 70 years of business expertise. Södermanland, Södertälje, and Stockholm are the company’s primary operating regions, but the rolling roof team completes several projects around the nation each year.