Neon Energy today announced that it has entered into an agreement with ALCO HELLAS SA for the acquisition of 4,46% ownership share of ALCO. In this way, Neon Energy expands its penetration into Photovoltaics and its related fields, acquiring an ownership share of the Greek aluminum giant, ALCO HELLAS SA.
This strategic move follows a very active Neon Energy global expansion. The company has already expanded into Germany, Italy, Greece, Cyprus, Bulgaria and Romania and has plans to announce its foundation of its subsidiaries in Japan, the USA and Turkey during 2013. The partnership between Neon Energy & ALCO HELLAS SA will meaningfully support Neon Energys PV products and services range given that the mounting systems it recommends are constructed of Aluminum.
Until now, Neon Energy and ALCO HELLAS have enjoyed a fruitful client-supplier relationship. This is now set to evolve into a more formidable and concrete strategic partnership. ALCO HELLAS will be able to supply Neon Energy with the Mounting Systems components, giving Neon Energys clients a stable, reliable and high quality supply of key PV equipment resulting in the most efficient PV installations. This strategic move further demonstrates Neon Energys commitment to providing its customers with a full range of PV solutions.
Responding to customer demands quickly and efficiently while maintaining quality standards in the dynamic Greek PV market is of utmost significance for the successful completion of our PV projects announces Mr. Konstantinos Georgiadis, President, Neon Energy. This agreement shows that Neon Energy is increasingly dedicated to a vertically integrated strategy. This newly formed partnership will complete Neon Energys ability to satisfy client needs quickly, while maintaining high-quality standards. We are looking forward to joining forces with ALCO HELLAS SA and expanding our role within the Photovoltaics industry and its related fields.
