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Mar 19th, 2013
SMA concludes acquisition of majority stake in Zeversolar
SMA Solar Technology AG has concluded the acquisition of a majority stake of 72.5% in Jiangsu Zeversolar New Energy Co., Ltd., a leading inverter manufacturer in China.
The acquisition of a majority share in Zeversolar was approved by the Chinese government authorities. Zeversolar's products are specially tailored to the requirements of the Chinese photovoltaic market. This transaction secures SMA access to the growing Chinese market and strategically consolidates its position as a global market leader.
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