Struggling inverter manufacturer SMA has purchased Phoenix Solar’s European operations and maintenance business.
The company, which warned of a heavy round of impending job losses at the end of July, said the move was part of its strategy to develop its service business.
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“After successfully establishing this business field in North America with 200 MW, we are now looking to develop the high-volume European market for SMA through the acquisition of the O&M business from Phoenix Solar,” said Pierre-Pascal Urbon, CEO, SMA. “We will continue to expand our O&M services in Europe and North America and thus benefit from our outstanding expertise and installed basis,” he added.
SMA will acquire Phoenix’s 18-strong European workforce and customers in Germany, Spain, Italy and France.
