In an attempt to close the gap between design and manufacturing new PV inverter technology, SMA Solar Technology is acquiring dtw Sp.z o.o., one of Poland's largest electromagnetic components manufacturers. SMA said that dtw had been a supplier to the inverter firm for 10 years. Financial details of the deal were not disclosed, though dtw was said to have annual revenue of €74 million. The transaction is subject to regulatory approval and scheduled to be completed in July 2011.
SMA cited that the acquisition of dtw solidified its technology leadership as it would mean it would be better able to coordinate the development processes of mechanics, electromagnetic components and power electronics into new PV inverter designs. This would also significantly reduce the development times.
The electromagnetic components manufacturer was said to have a modern and advanced production facility in Zabierzów, near Krakow, Poland employing approximately 500 people.