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Jun 4th, 2014
 
First Solar to acquire technology provider skytron-energy from AEG Power Solutions
 
First Solar, Inc. (NASDAQ: FSLR) announced that it has entered into an agreement to acquire skytron-energy, a subsidiary of AEG Power Solutions, which provides utility-scale photovoltaic (PV) power plant management systems, Operations and Maintenance (O&M) services, data monitoring technology, and equipment to solar power plants throughout Europe.
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Positioning of PV Monitoring players within the supply chain.
Positioning of PV Monitoring players within the supply chain.
With increased focus on integrated power solutions, First Solar expands in Europe

Currently, skytron has installed monitoring and control systems in more than 600 plants across Europe with a total peak capacity of 5 gigawatts (GWp), more than doubling First Solar's global portfolio of monitored assets. The acquisition is subject to consent by the German merger control authorities ("Bundeskartellamt"). Terms of the deal were not disclosed.

According to Yole’s report PV Monitoring Business Analysis, Technology Trends and Main Players skytron® energy has been identified as one of the leading PV monitoring companies, with a strong focus on large-scale PV installations – First Solar’s main application area.

The acquisition supports First Solar's initiative to provide full, end-to-end energy solutions that vertically integrate solar services and solutions. It broadens First Solar's portfolio of energy assets operated and maintained by the company and establishes a strategic opportunity to offer additional value-added services to both existing and new customers in Europe.

According to Callery, skytron will operate as a subsidiary of First Solar, and will maintain its own brand identity, which has recognized value in its various markets. "skytron-energy employees will remain with the organization," he said, "and operations will continue without disruption."


 
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