Wierig
Unlocking Scale to Accelerate Germany’s Energy Transition
Germany aims to achieve 215 GW of solar capacity by 2030, necessitating a tripling of the installation rate from 2022 levels. The government is actively supporting this goal with new solar policies and mandates for solar systems on new and refurbished buildings.
Wierig Group, a leading service provider for large industrial flat roofs, is poised to thrive in this environment. With expertise in energetic roof maintenance and refurbishment, Wierig also excels in solar and alternative energy system installations. Founded 130 years ago, Wierig employs around 210 people across five locations in Germany, catering to large blue-chip clients.
Driving Decarbonization through Solar Installation and Roof Refurbishment Wierig offers both a decarbonization and commercial opportunity. The industrial sector will play a significant role in achieving Germany’s energy transition, and Wierig is well-equipped to meet the increasing demand for energetic refurbishments and solar installations.
“For us, impact and returns go hand in hand,” says Johanna Struthmann, Founding Partner of Vidia. Vidia aims to scale Wierig’s operations and increase renewable energy production in Germany through their partnership.
Wierig’s Path to Growth
Vidia’s growth strategy for Wierig focuses on two main pillars:
1. Realizing Operational Potential: Implementing a structured sales approach and removing operational bottlenecks to increase client capacity. Enhancing second-level management will allow the C-suite to focus on strategy, business development, and key account management.
2. Value Creation through Acquisitions: Leveraging the fragmented nature of the roofing and solar installation market to pursue strategic add-on acquisitions. This will boost capacity, extend regional coverage, and unlock synergies.
“Germany’s energy transition is a massive opportunity for Wierig to grow and contribute to decarbonizing the economy,” says Thomas Wierig. “Vidia’s entrepreneurial spirit and hands-on approach are exactly what we need to achieve our growth potential.”
This investment underscores Vidia’s commitment to impactful investments in high-emission sectors, driving both environmental and financial returns.
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Date:
January 22, 2024