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Bosch acquires majority stake in aleo solar; six board members walk

04 November 2009 | By Emma Hughes | News > PV Modules

The Bosch Group has now acquired 68.70% of aleo solar stock, placing the company as the majority shareholder. This acquisition occurs alongside Bosch's 60% interest in Johanna Solar Technology, in which aleo currently holds an approximate 17% stake. The antitrust authorities have already granted the necessary approval.

Bosch Solar technologyHolger von Hebel, president of the Bosch Solar Energy division said, "With aleo solar and Johanna Solar, we are strengthening our photovoltaics business by completing our value added chain and opening up new distribution channels."

In other, possibly related news, aleo solar has announced that the members of the supervisory board:  Marius Eriksen, Claus von Loeper, Volkswirt Jörg Friedrich Bätjer, Jürgen Parisi, Stefan Reineck and Betriebswirt Gerold Heinen, have resigned with immediate effect.

Tags: etr:as1

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