Conergy To Sell Inverter Subsidiary voltwerk To Bosch

Conergy says it will sell inverter subsidiary, voltwerk electronics GmbH, to the Bosch Group, headquartered in Stuttgart, Germany. voltwerk electronics will be integrated into Bosch Power Tec GmbH, which was founded last January. The purchase price has been kept confidential.

With a workforce of around 100, voltwerk electronics achieved sales of 68 million euros in 2010. Its product portfolio includes string and central inverters for photovoltaic plants, as well as monitoring systems and storage solutions. Â Â Â Â Â Â

Conergy says the sale of voltwerk electronics represents an ‘important step in its strategic reorientation,’ as its focuses on reducing manufacturing and increasing international sales activities.

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