ROOFING MANUFACTURER Marley has bought Viridian Solar a manufacturer of solar PV systems.
Marley bought Viridian Solar following the commercial partnership between the two companies announced in 2020. The agreement meant Viridian Solar supplied Marley’s photovoltaics solar technology for Marley’s range of roof integrated solar tiles.
Viridian will continue to operate as a standalone company with the same management team.
Stuart Elmes, CEO of Viridian Solar, said: “We are looking forward to working with our new colleagues at Marley to open an exciting new chapter in the development of Viridian Solar. Our ambitious growth plans will now be supported by the resources and reputation of being part of one of the biggest and most respected names in the roofing sector, with the backing of Inflexion Private Equity Partners, who manage assets of £5.4bn globally.”
David Speakman, CEO of Marley, added: “The acquisition brings together two complementary companies, both of which are influential players, with highly regarded reputations in the construction market. Viridian’s strong relationship with housing developers and solar distributors is complemented by Marley’s commercial reach into social housing and among roofing installers.”
Viridian Solar agreed solar supply contracts with housebuilders Persimmon Homes and McTaggart Group in 2019.