26 Feb '14, 6pm

SMA Solar Technology, Danfoss A/S form strategic partnership: €302,38 million deal will create one of the worl...

SMA Solar Technology and Danfoss A/S — the two leading system technology specialists — aim to take full advantage of economies of scale and joint development initiatives. In addition, Danfoss acquires 20% of SMA’s outstanding shares and plans to sell its complete solar inverter business to SMA. With the acquisition of Danfoss’ solar inverter business, SMA will increase the attractiveness of its product portfolio. After the completion of the transaction, SMA will launch new products for the fast growing market segments of medium-sized PV plants in Europe, China and the USA. Faced with a highly competitive market environment and increased price pressure, SMA should benefit from Danfoss’ years of experience in automated drives, Pierre-Pascal Urbon, SMA CEO explained. Accordingly, the strategy of the Danfoss group targets continuous cost improvements through global sourcing an...

Full article: http://www.renewableenergyfocus.com/view/37144/sma-solar-...

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Company Information: #SMA and Danfoss A/S will Create one of the World's Largest Converter Alliances

Company Information: #SMA and Danfoss A/S will ...

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