Lafayette acquires Jurchen Technology
Lafayette Mittelstand Capital has acquired 100 per cemt of Jurchen Technology in a Carve-Out Transaction from BELECTRIC Solar & Battery.
Jurchen Technology is the only company on the market to offer both mechanical components of the substructure and the matching electrical DC cabling from one source. The company specialises in large-scale solar plants, including this year a project in India (250 MW AC) and the Limondale project in Australia (249 MW AC).
Jurchen's patented PV 'PEG' substructure offers lowest material consumption, shortest plant construction times, and lowest capex requirement by its Solar Plant Customers. Together with PV Cable systems Jurchen offers one-stop solutions for Solar Plant Operators and Investors alike. Jurchen operates two modern production locations in Germany (Helmstadt Bavaria) and India (Mumbai area) with approx. 50 FTE.
“Jurchen Technology has successfully gone through difficult times and a disruptive reorganisation, resulting in innovative products and a competitive manufacturing set-up. Lafayette as the new owner, has a long-term vision to further develop these strengths, together with Jurchen’s management and staff," says Ingo Alphéus, CEO, BELECTRIC Solar & Battery GmbH.
Based on its experience in carve-outs from large corporates Lafayette Mittelstand Capital has crafted a carve-out and growth plan jointly with Jurchen's management team, which aims to build on Jurchen's industry leading Solar Parks Substructure and Photovoltaic DC Cabling design and production know-how and to grow in particular Jurchen's patented PEG substructure technology. “The sales figures of our worldwide patented substructure PEG are increasing rapidly,“ says CEO Michael Jurchen. “The system is outstanding for its extremely high land yield. 1.7 MWp per hectare is a world record. The PEG system requires only a fraction of the usual planning and work effort.”