Berlin-headquartered solar monitoring and control platform skytron has been sold by its U.S. owner First Solar to fellow German firm Liberta Partners for an undisclosed sum.
The acquisition was confirmed today by Liberta Partners, which is a Munich-based investment company. First Solar declined a request by pv magazine for comment on the sale, simply confirming that it had sold skytron, which the company acquired in the summer of 2014.
According to Liberta Partners Peter Frauke, the firm will collaborate on all strategic decisions moving forward together with skytron, with an eye on the development of new innovative monitoring systems solutions.
"skytron energys global footprint and technical track record make it a solid investment that fits well into our strategy of acquiring enterprises with strong growth potential," said Franke. "Its portfolio of products, services and solutions make it a critical link in the solar energy value chain, allowing Liberta to gain a foothold in an exciting and growing industry."
The current monitoring portfolio of skytron stands at more than 7 GW globally, and Liberta Partners added that it expects the acquisition to enable the Berlin company to not only maintain but expand its position as a worldwide leader in solar monitoring and control services.