SMA Solar Technology AG has closed its acquisition of dtw Sp.z o.o., a Polish manufacturer of core components for inverter production. Within the SMA Group, dtw will operate as an independent subsidiary and global competence center for electromagnetic components. In acquiring one of its long-time suppliers, SMA is securing its position as a technology leader in the area of solar inverters.
The purchase agreement for the acquisition of dtw Sp.z o.o. was signed on June 14, 2011 subject to the approval of the Federal Cartel Authority and the Supervisory Board of SMA. The approval of the Federal Cartel Authority was given on July 13, 2011 and the Supervisory Board declared its unanimous consent on July 28, 2011. This means that the acquisition may be closed as per January 1, 2011. For 2011, the Managing Board of SMA expects a positive contribution of the transaction to operating income of € 20 to 25 million.