Kaco New Energy, a supplier of solar inverters, will restructure its operations in an effort to capture more global opportunities.
The German companys Neckarsulm headquarters will see 80 jobs cut in the restructuring process, with certain remits being transferred to the companys U.S. and South Korean sites as part of the process to secure Kacos long-term future.
According to the company, the chief growth opportunities for solar inverters are playing out outside of Europe, largely in the Americas, Asia, Africa and the Middle East, and Kaco is duly making changes to concentrate on delivering solutions to commercial and large-scale PV projects in these regions.
The Neckarsulm site will remain Kacos chief production facility and only production site in Europe, the company confirmed, adding that all "key central functions for the global group of companies" will remain in Neckarsulm. Kaco will still be able to supply its customers with its "Made in Germany" solutions, which, according to Managing Director Ralf Hofmann, is key.
"We are pursuing growth through refining our focus," Hofmann said. "The aims are clear: to achieve profitable growth and to considerably simplify structures."
Kaco has offices in 16 countries and has an installed base of more than 8 GW of inverters globally, across all market segments. This restructuring will see the company concentrate more on commercial and utility-scale solutions in non-European markets by adapting and tailoring its product and service portfolio to meet the precise needs of customers in these regions, the company said.
In 2015 Kaco almost doubled its global turnover year-on-year, largely due to its success in the U.S. and South Korean markets.