SOLON SE sells inverters subsidiary to Delta Electronics

SOLON SE 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.

(December 14, 2010) — SOLON SE 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.

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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 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 said in a statement.

Stefan Säuberlich, chief executive officer of SOLON SE, noted that the SOLON Inverters AG team is outstandingly skilled and highly experienced in the field of inverter technology.

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. Learn more at www.solon.com

The Delta Electronics Group is a manufacturer 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.