Munich, Germany

Raach Solar, based in Erolzheim near Memmingen, is entering a new growth phase with the support of investors KKL Invest and PELABA. The investment companies KKL INVEST and PELABA Beteiligungs GmbH have acquired a majority stake in RAACH SOLAR GmbH totalling 56%.

Jürgen Raach, Managing Director of RAACH SOLAR GmbH, welcomes the investment by these strategic partners: "This investment will enable us to acquire further major projects in the coming years and achieve sustainable double-digit growth. This will enable us to advance the global expansion of photovoltaics internationally and counteract climate change.

KKL is an owner-managed investment company with many years of experience in mechanical and plant engineering. KKL invests with a long-term perspective. The aim is to promote the companies involved through active support in strategy and management. "We see great growth potential for RAACH SOLAR in the coming years and will accompany Mr Raach on his growth path. Together we want to write a success story," emphasises the KKL management team, Dr Beate Klingenberg and Mr Gregor Gröger.

As a family office, the PELABA Investment Group invests in the field of renewable energies, among other things. Managing Director Mr Peter Heidecker brings many years of experience in the field of renewable energies: "We do not act purely as a financial investor, but only invest in plants or companies if we can provide corresponding added value through our experience, our market access or our network."

RAACH SOLAR plans, procures, supplies, installs and maintains turnkey and customised photovoltaic systems worldwide. RAACH SOLAR is a first-class supplier of photovoltaic power plants, building-integrated photovoltaics (BIPV), solar carports, lead and lithium battery storage systems, village power supplies, photovoltaic pump systems (PVPS), solar street lamps, charging stations and charging concepts for electric vehicles as well as consulting services for renewable energy projects.