Delta Energy Systems GmbH, based in Teningen, Germany, has acquired Solon Inverters AG, a subsidiary of Uznach, Switzerland-based Solon SE. Under the terms of the agreement, Delta will receive 100% of Solon Inverter's shares.
Delta says it plans to expand its research and development (R&D) team for solar inverters. The acquired company will be organizationally integrated into its existing R&D center for solar inverters. Solon Inverters AG will be renamed Delta Renewable Energy Systems (Switzerland) AG.
SOURCE: Delta Energy Systems GmbH