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Founding of a new company in thedivision of alternative energy

Last November the LSG Group set a fundamental milestone for the implementation of the Change-Strategy to gain a foothold as an international supplier of turn-key photovoltaic power plants (EPC-Contractor). With the help of BMG Mori AG’s subsidiary Gildemeister Energy Solutions Ltd. LSG Group founded the Gildemeister LSG holding Ltd. in Würzburg (D). Currently the LSG Building Solutions Ltd. owns 49% of the shares. This subsidiary will act as spearhead for the international expansion.
In a first step a 100% subsidiary of Gildemeister LSG holding Ltd. – Gildemeister LSG Solar RUS iG – was founded in Russia and will be an EPC-Contractor for all upcoming projects in this country.