Berlin/Uznach, December 17, 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.“
Source: SOLON SE