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SOLVIS

solvis.de

Founded Year

1988

Stage

Private Equity | Alive

About SOLVIS

SOLVIS is a manufacturer of hybrid heating systems. The company is a service provider for the trade, developing and producing future-oriented and cross-generational heating systems and selling them through HVAC specialist partners. The company was founded in 1988 and is based in Braunschweig, Germany.

Headquarters Location

Grotrian-Steinweg-Straße 12

Braunschweig, D-38112,

Germany

49 5 31 28 90 40

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Latest SOLVIS News

US investors acquire Solvis

Oct 25, 2022

(Photo: Solvis) The German solar pioneer Solvis has filed for bankruptcy. Insolvency proceedings were initiated on 30 October. However, an investor from the United States has already been found who will take over the company. Insolvency proceedings were initiated against the assets of Solvis GmbH & Co. KG on 30.10.2015. The creditors' committee has approved the sale of the company to Andlinger . "I am very happy that we have managed to ensure a seamless transition of business operations and to preserve all jobs at the Braunschweig location," said Peter Steuerwald, the lawyer appointed to be the insolvency administrator. Andlinger's involvment means that the pioneering solar company Solvis will now have the necessary resources for future growth. The new company is financed entirely by equity and is free of debt. "Our capital investment together with the know-how and the innovative strength of the Solvis team provides a solid basis for further development of the company and its product range," said Andlinger partner Gerhard Unterganschnigg in a press release. "In our view, Solvis is a trend-setter for innovative, sustainable heating systems, and we would like to explicitly pay tribute to the role that the company has played together with its reliable installation partners and customers over the past 25 years." Solvis will remain under existing management All employees are to be retained at Solvis GmbH. The previous managing directors Stefan Lindig and Markus Kube will retain their roles at Solvis. They emphasise that Solvis will continue to be a reliable partner for installation technicians: "Our long-term installation partners and their customers are very important to us. ... For this reason, we will continue to honour existing valid agreements regarding guarantee and warranty cases." This assurance applies expressly to all pending guarantee and warranty cases that have not yet been completed. The new owner Andlinger & Company describes its investment strategy on its own website: "We have no maximum holding period, our financial commitment is open ended." Volker Buddensiek Similar Entries

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SOLVIS Frequently Asked Questions (FAQ)

  • When was SOLVIS founded?

    SOLVIS was founded in 1988.

  • Where is SOLVIS's headquarters?

    SOLVIS's headquarters is located at Grotrian-Steinweg-Straße 12, Braunschweig.

  • What is SOLVIS's latest funding round?

    SOLVIS's latest funding round is Private Equity.

  • Who are the investors of SOLVIS?

    Investors of SOLVIS include capiton and Andlinger & Company.

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