2011 A YEAR OF TAKE OVERS AND BUYOUTSThere will be many more of these in the next year according to those in the know in the industry. Inverters are the place to be. Modules and racking are a dime a dozen but inverters will be a money maker as long as the company can produce them in large volume. Inverter companies will be the in thing for conglomerates to buy up. Some feel Satcon will be next. Or.................................
SOLON SE sells Swiss subsidiary SOLON Inverters AG
Berlin/Uznach, December 14, 2010: SOLON SE has today announced that it has sold its Swiss subsidiary SOLON Inverters AG to Delta Energy Systems (Germany) GmbH, which forms part of the Taiwan-based Delta Electronics Group. The change of control takes immediate effect. The parties have agreed not to disclose any details of the transaction.
SOLON Inverters AG – which was founded in 1992 under the name asp AG and is based in Uznach, Switzerland – has been a member of the SOLON Group since 2000 and develops, produces and sells sinewave inverters for stand-alone installations. The company and its 14 employees generated revenue of €2.3 million in 2009.
The strategy pursued by the SOLON Group, which specializes in developing and manufacturing solar modules and erecting large-scale power plants, has recently been focusing much less on business in inverters for stand-alone installations. The sale of SOLON Inverters AG therefore constitutes a further stage of the restructuring program launched last year, which is intended to help optimize the SOLON Group's cost structures and place a sharp focus on its core competencies and key markets.
Stefan Säuberlich, chief executive officer of SOLON SE: "SOLON Inverters AG possesses a team of outstandingly skilled, highly experienced specialists in the field of inverter technology. We are delighted that, in the Delta Electronics Group, the company has found a new owner whose support and direction will open up new opportunities for its workforce and for taking its business forward.“
SOLON SE is one of Europe's largest solar module producers and a provider of solar systems technology for large-scale rooftop and free-field installations. The SOLON Group has subsidiaries in Germany, Austria, Italy, France, Switzerland and the United States and employs around 950 people worldwide. Its core business is the manufacture of solar modules and photovoltaic systems and the design and construction of large-scale rooftop installations and turnkey solar power plants around the world.
About the Delta Electronics Group:
The Delta Electronics Group is the global market leader in the manufacture of switching power supplies and a major supplier of visual displays and electronic components for IT, telecom, networking, medical and industrial applications as well as renewable energies. It employs well over 60,000 people worldwide in sales/marketing, development and production. Its subsidiary Delta Energy Systems has been investing since 1999 in the development and global marketing of its solar inverter program and has made a valuable contribution to helping achieve Delta's mission of providing innovative, clean and efficient energy solutions for a better tomorrow.