The merger will accelerate growth, maximize the Group's territorial presence, and enable it to continue providing technical, service, and logistical support across all continents. The new organization will offer a broader portfolio of complementary products, services, and solutions under a shared vision and a common growth strategy.
Itai Zifroni, CEO of Solcon Industries, stated: “This merger will significantly increase the capabilities, size, and geographic reach of our businesses. We have identified significant synergies that will generate greater revenue, combined talent and technology, and a global reach, while also allowing us to reduce our cost base. We believe this merger represents an incredible opportunity that will benefit Solcon and IGEL customers, our employees, and our entire worldwide distributor network.”.
Michael Kleiböhmer, Managing Director of IGEL Electric, agrees: "The timing of this merger is perfect. Our customers serve the international market with installations worldwide. The emergence of SOLCON IGEL - POWERED is an even more attractive partner, capable of providing better support for installations, wherever they are located. Combining our technical expertise will lead to even better products and solutions. It's a win-win situation for all stakeholders.".
