The German mounting system maker has expanded its production capacity in Shanghai after opening a new, bigger fab in March.
The new shareholder obtained business operations, and shares in the German solar PV company. This transition finalizes Schletter’s financial recovery.
With the acquisition by Golden Square Capital, the Germany-based PV company can finalize the plans to improve its financial status. Providing a two-digit million figure, the investor ensures that product and business development units can improve their activity in the future. Yet, cutting jobs in Germany is inevitable.
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