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Austria: Greiner Closes Down Solar Thermal Business, Keeps Working on SolPol

Submitted by Baerbel Epp on June 28, 2013

In a press release on 12 June, just one week before the Intersolar Europe, Austrian foam producer and plastic processing company Greiner Group announced to close down Greiner Renewable Energy (GRE). GRE had acquired the three solar companies Sun Master, Xolar and Solution little more than two years ago, in January 2011. The booth of Sun Master in hall B1 at the Intersolar was only filled with canvas chairs for the visitors to relax.
Photo: Jan Gesthuizen

Austria: Greiner’s Takeover involves Negotiations with 470 Creditors

Submitted by Baerbel Epp on March 30, 2011

 Solution head office in Sattledt, Austria” Greiner´s takeover of the three Austrian solar thermal companies Xolar, Sun Master and Solution does not proceed as expected. In its first press release at the end of January 2011, Greiner Technology & Innovation GmbH - the subsidiary which is to integrate the three solar companies - announced that only OEM collector manufacturer Sun Master will go through insolvency proceedings. Two weeks later, the Greiner group launched a press release to announce that also wholesaler and installation company Xolar GmbH opened restructuring talks supervised by a liquidator. And another four weeks later on 11 March, solar system integrator SOLution, with its head office in Sattledt, Austria (see photo), went into insolvency, too – this time without a press release from Greiner.
Photo: Solution

Austria: Greiner takes over Sun Master, Xolar and Solution

Submitted by Baerbel Epp on February 2, 2011

 Hannes Möseneder, CEO of Greiner Technology & Innovation GmbH” The new face in the solar thermal industry: Hannes Möseneder, CEO of Greiner Technology & Innovation GmbH, will incorporate three new companies into his division: ”We are convinced that the inclusion of Xolar, Sun Master and Solution into Greiner Technology & Innovation is a further step towards sustaining the Group's growth”. The Greiner Group currently has 7,220 employees and achieved a turnover of EUR 1.031 billion in 2009.
Photo: Greiner T&I

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