Hilti acquires solar specialist

Unirac is the main provider of photo voltaic mounting solutions in the North American market. It employs approximately 100 people. Following the acquisition, it will continue to be based in Albuquerque, New Mexico, USA, and operate under its existing name and management structure led by CEO Doug May.

“Unirac has been highly successful in providing the photovoltaic mounting market with industry-leading technology and a range of product solutions and services,” said May. “We are extremely excited about applying Hilti’s broad base of expertise in serving the professional contractor market around the world to accelerate the tremendous growth opportunities in the North American and global solar markets.”

According to Bo Risberg, Hilti group CEO, the company intends to invest in new business opportunities where there is significant growth potential.