SMA Solar Technology AG has signed a purchase agreement to acquire dtw Sp.z o.o., a Poland-based manufacturer of electromagnetic components. The transaction is expected to be closed next month.
By acquiring one of its longtime suppliers, SMA says it is helping to secure its market position as a provider of solar inverters. dtw specializes in making core components for manufacturing inverters, such as inductors, coils and toroidal transformers.
SMA and dtw have been close business partners for about 10 years. Within the SMA group, dtw will operate as an independent subsidiary and global competence center for electromagnetic components.
SMA adds that it is planning a number of additional, smaller acquisitions.