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The Bosch Group has closed the acquisition of voltwerk electronics from Conergy, signed in December 2011. The purchase price has not been disclosed.
voltwerk is to become integrated into Bosch Power Tec by the end of this year. The Bosch subsidiary, based in Böblingen, was founded at the start of 2011 and is pushing the Bosch Group’s inverter business forward. As a result of the acquisition, Bosch Power Tec now employs some 130 associates at locations in Bal Vilbel, Hamburg and Böblingen.
“The purchase of voltwerk electronics is very significant for us. Not only have we gained additional associates with a high level of expertise and experience, the acquisition has enabled us to expand our product portfolio in the best possible manner,” said Dr. Andreas Stratmann, the general manager of Bosch Power Tec. “We will now benefit from our combined strengths and want to grow in the photovoltaics markets in all the major global regions.”
As part of its product strategy and existing development capacities the company will also offer an innovative hybrid solution for existing inverters and battery storage. Moreover, Bosch Power Tec engineers are currently working on a new generation of string inverters.
