SMA Solar Technology AG / Key word(s): Acquisition
14.06.2011 12:30
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc notification from SMA Solar Technology AG
SMA Solar Technology AG: Acquiring dtw Sp.z o.o.
- securing Technology Leadership
Niestetal, Germany, June 14, 2011 - Today in Krakow, SMA Solar Technology
AG (SMA/FWB: S92) signed a purchase agreement to acquire dtw Sp.z o.o., one
of Poland's largest electromagnetic components manufacturers. The
transaction is subject to regulatory approval and scheduled to be completed
in July 2011.
dtw specializes in manufacturing technologically innovative core components
for manufacturing inverters. For SMA, this acquisition solidifies its
position as the technology leader in solar inverters. It also helps the
company to more effectively coordinate the development processes of
mechanics, electromagnetic components and power electronics, thus
significantly reducing development times. SMA is confident the acquisition
will differentiate it even further from the competition.
dtw and SMA have been close business partners for nearly 10 years. dtw has
advanced modern production facility with over 500 employees in Zabierzów,
near Krakow, Poland, and is known for its high-quality products, and
excellent research and development work. The company has experienced strong
growth over the past few years and achieved EUR 74 million in sales in
2010.
Within the SMA Group, dtw will operate as an independent subsidiary and
global competence center for electromagnetic components. The previous owner
of dtw will remain on board in an advisory capacity following the
acquisition by SMA and will continue to drive research and development
efforts in electromagnetic components.
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Information and Explaination of the Issuer to this News:
Additional information
About SMA
The SMA Group generated sales of EUR 1.9 billion in 2010 and is the
worldwide market leader for photovoltaic inverters, a key component of all
solar power plants. It is headquartered in Niestetal, near Kassel, Germany,
and is represented on four continents by 17 foreign companies. In 2010, the
Group employed a staff of over 5,000 (incl. temporary employees). SMA's
product portfolio includes the most comprehensive range of inverters on the
market, offering a compatible inverter for every module type and for all
plant sizes. The product range covers both inverters for photovoltaic
plants connected to the grid as well as inverters for off-grid systems.
Since 2008, the Group's parent company SMA Solar Technology AG has been
listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also
in the TecDAX index. In recent years, SMA has received numerous awards for
its excellence as an employer and lately reached first place in the federal
'Great Place to Work' competition.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Head of Corporate Communications:
Anja Jasper
Phone +49 561 9522-28 05
Anja.Jasper@SMA.de
Investor Relations:
Stephanie Kniep
Director Investor Relations
Phone +49 561 9522-22 22
Fax +49 561 9522-22 23
ir@SMA.de
Julia Damm
Investor Relations Officer
Phone +49 561 9522-11 64
Disclaimer:
This notification serves only as information and does not constitute an
offer or invitation to subscribe for, acquire, hold or sell any securities
of SMA Solar Technology AG (the 'Company') or any present or future
subsidiary of the Company (together with the Company, the 'SMA Group') nor
should it form the basis of, or be relied upon in connection with, any
contract to purchase or subscribe for any securities in the Company or any
member of the SMA Group or commitment whatsoever. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended.
This notification can contain future-oriented statements. Future-oriented
statements are statements which do not describe facts of the past. They
also include statements about our assumptions and expectations. These
statements are based on plans, estimations and forecasts which the
executive board of SMA Solar Technology AG (SMA or company) has available
at this time. Future-oriented statements are therefore only valid on the
day on which they are made. Future-oriented statements by nature contain
risks and elements of uncertainty. Various known and unknown risks,
uncertainties and other factors can lead to considerable differences
between the actual results, the financial position, the development or the
performance of the corporation and the estimates given here. These factors
include those which SMA has discussed in published reports. These reports
are available on the SMA website at www.SMA.de. The company accepts no
obligation whatsoever to update these future-oriented statements or to
adjust them to future events or developments.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Head of Corporate Communications:
Anja Jasper
Phone +49 561 9522-28 05
Anja.Jasper@SMA.de
Investor Relations:
Stephanie Kniep
Director Investor Relations
Phone +49 561 9522-22 22
Fax +49 561 9522-22 23
ir@SMA.de
Julia Damm
Investor Relations Officer
Phone +49 561 9522-11 64
Disclaimer:
This notification serves only as information and does not constitute an
offer or invitation to subscribe for, acquire, hold or sell any securities
of SMA Solar Technology AG (the 'Company') or any present or future
subsidiary of the Company (together with the Company, the 'SMA Group') nor
should it form the basis of, or be relied upon in connection with, any
contract to purchase or subscribe for any securities in the Company or any
member of the SMA Group or commitment whatsoever. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended.
This notification can contain future-oriented statements. Future-oriented
statements are statements which do not describe facts of the past. They
also include statements about our assumptions and expectations. These
statements are based on plans, estimations and forecasts which the
executive board of SMA Solar Technology AG (SMA or company) has available
at this time. Future-oriented statements are therefore only valid on the
day on which they are made. Future-oriented statements by nature contain
risks and elements of uncertainty. Various known and unknown risks,
uncertainties and other factors can lead to considerable differences
between the actual results, the financial position, the development or the
performance of the corporation and the estimates given here. These factors
include those which SMA has discussed in published reports. These reports
are available on the SMA website at www.SMA.de. The company accepts no
obligation whatsoever to update these future-oriented statements or to
adjust them to future events or developments.
14.06.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Deutschland
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: SMA Solar Technology AG: SMA Solar Technology AG: Acquiring dtw Sp.z o.o. - securing Technology Leadership
| Source: EQS Group AG