Iozzo GmbH has acquired a stake in Bohnenstengel Elektro-Fachbetrieb to enhance its market presence and efficiency in the photovoltaics sector of southern Baden-Württemberg.

Target Information

Iozzo GmbH ("Iozzo") has acquired a stake in Bohnenstengel Elektro-Fachbetrieb ("Bohnenstengel"), a well-established company based in Gottmadingen with over 25 years of experience in photovoltaics. This acquisition marks the fourth investment under CONSTELLATION Energy GmbH ("CE") and aims to strengthen CE's regional presence while establishing a leading position in southern Baden-Württemberg. Iozzo and Bohnenstengel will operate in the market under the unified name Iozzo GmbH, consolidating the two most recognized photovoltaics specialists in the region.

Bohnenstengel was founded in 1995 and has evolved over the past two decades into a prominent firm specializing in the planning and installation of photovoltaic systems, as well as electrical works. The integration of Bohnenstengel into Iozzo not only expands Iozzo's customer base but also allows the company to leverage Bohnenstengel's expertise in the sales of photovoltaic systems and its outstanding reputation in the region. This consolidation also provides Bohnenstengel the opportunity to optimize operational processes, streamline administrative tasks, and enhance inventory management.

Industry Overview in Germany

The photovoltaics industry in Germany has been a significant player in the renewable energy sector for several decades. As one of the leading countries in solar energy adoption, Germany has seen consistent growth in the installation of photovoltaic systems, which is dri