SOLON SE sells Swiss subsidiary SOLON Inverters AG
Berlin/Uznach (Germany)
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 EUR2.3 million in 2009.
According to the PV manufacturer 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, the company points out.
Source: IWR Online, 14 Dec 2010
