26 Nov '13, 10am

SolarWorld seals deal to buy Bosch #solar operation @pv_tech

Bosch has sold its solar cell and module operations in Arnstadt, Germany to SolarWorld, securing around 800 jobs, according to an official statement from the company. Financials SWV ETR 0.800 +0.039 (5.12%) 1:42PM GMT+1 Bosch has sold its solar cell and module operations in Arnstadt, Germany to SolarWorld, securing around 800 jobs, according to an official statement from the company. Financial details were not disclosed. Bosch said that SolarWorld had drawn up a business plan for the Arnstadt plant that provides a long-term future for the facility and just over half the current workforce of around 1,500 at the location. Bosch's module manufacturing plant in France was not part of the deal. SolarWorld has been struggling in recent months and is undergoing financial restructuring, but chief executive Frank Asbeck said the deal would not affect this process. "The agreement wi...

Full article: http://www.pv-tech.org/news/official_solarworld_signs_dea...

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