This change has been set into place immediately. Solon Inverters that was founded in 1992, has been a member of the Solon Group for ten years. The sinewave inverters developer is based in Uznach in Switzerland. The company’s revenue hit 2.3 million last year according to reports.
The strategy pursued by the Solon Group, which specializes in developing and manufacturing solar modules and developing large-scale power plants, has recently been focusing much less on business in inverters for stand-alone installations. The sale of Solon Inverters therefore constitutes a further stage of the restructuring program launched last year, which is intended to help optimize the Solon Group’s cost structures and place a sharp focus on its core competencies and key markets.
Stefan Säuberlich, CEO of Solon SE stated, "Solon Inverters possesses a team of outstandingly skilled, highly experienced specialists in the field of inverter technology. We are delighted that, in the Delta Electronics Group, the company has found a new owner whose support and direction will open up new opportunities for its workforce and for taking its business forward".