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Jan 6th, 2012
Conergy about to sell inverter subsidiary, voltwerk electronics, to Bosch
Conergy is about to sell its inverter subsidiary voltwerk electronics GmbH to the Bosch Group, which has its headquarters in Stuttgart. The relevant contract has been signed by the two parties, with the purchase price being kept confidential by mutual agreement.
With a workforce of around 100, voltwerk electronics achieved sales of 68 million euros in 2010. Its product portfolio includes string and central inverters for photovoltaic plants as well as monitoring systems and storage solutions.
Conergy’s Chief Operating Officer Alexander Gorski says: “Over the last few years, a small, but very competent team at voltwerk electronics has developed a portfolio of innovative, efficient and high-quality products. We are very pleased to have found a highly respected and strong investor and partner in Bosch, who will develop the business of voltwerk further and drive it forward on this basis.”
The intention is for voltwerk electronics to be integrated into Bosch Power Tec GmbH, which was founded last January and which is driving the inverter business forward within the Bosch Group and developing new generations of devices.
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