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PS Helios

Austria/Europe: General Solar Systems and Sonnenkraft Management Buyout

Submitted by Baerbel Epp on February 27, 2014
Since 1 January 2014, General Solar Systems (GSS), one of the biggest solar thermal system suppliers in Europe, has had a new owner: Together with Austrian investors, former GSS Financial Director Primus Spitzer took over the company from Danish Solarcap, a subsidiary of VKR Holding. The takeover was announced in a press release on 3 February 2014. GSS with its well-known brand Sonnenkraft is now owned by Austrian company PS Helios headquartered in St Veit, Austria, with Spitzer being the only shareholder. According to the press release, GSS employed nearly 150 staff and achieved a turnover of around EUR 45 million in 2013.
 

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