KLAR Partners has agreed to invest in NWT Group, a German service provider for the solar industry. No financial terms were disclosed.
STOCKHOLM, March 31, 2022 /PRNewswire/ — Funds advised by KLAR Partners Limited (“KLAR Partners” or “KLAR”) have signed an agreement to invest as growth partner in NWT Group, one of Germany’s leading service providers for the solar industry.
NWT Group was established to help accelerate Germany’s transition towards renewable energy. NWT Group provides best-in-class design and procurement services for a broad installer network in the German rooftop solar market. In 2021, NWT Group achieved sales of more than EUR 50 million.
The investment in NWT Group is in line with KLAR’s strategy to invest in companies operating in business services and industrial technology within growing markets. Growth in the German solar market is expected to accelerate and KLAR’s extensive digital expertise will support NWT Group in streamlining processes and enabling scalability to meet this increasing demand.
“The partnership sees KLAR entering the ownership structure alongside Founder and Co-CEO. We are proud to be chosen as a partner to accelerate the growth of one of the key players in driving environmentally friendly and independent energy generation in Europe”, said Florian Bandel, KLAR Team Leader.
About NWT Group
NWT Group is a leading service provider in German rooftop solar, and offers best-in-class design and procurement services for a broad installer network. The business has approximately 50 employees and is headquartered in Germany. The company benefits from close customer relationships in a high-growth market contributing to European energy independence. In 2021, the Group delivered more than EUR 50 million of sales.