On August 24, 2020, Centrotec, a German company specializing in energy-efficient building technology listed at the Frankfurt Stock Exchange, announced its entry into a purchase agreement for the acquisition of all shares in Pari Group, Steinhausen, Switzerland, at a provisional purchase price of appox. EUR 43 m in the aggregate.
PARI Group is the holding company for a group of companies that includes 80% of CS Wismar, a specialist in the production of solar modules, as well as a comprehensive real estate portfolio with ancillary real estate services. The closing of the transaction is subject to a number of conditions, in particular antitrust clearance by the German Federal Cartel Office. The transaction is expected to close at the beginning of Q4 2020.