SMA Solar Technology AG signed a purchase agreement to acquire dtw Sp.z o.o., one of Poland’s largest manufacturers of electromagnetic components, in Krakow today. The transaction is expected to be closed in July 2011 under the usual reserves. In acquiring one of its long-time suppliers, SMA states that it is securing its position as a technology leader in the area of solar inverters. dtw specializes in making technologically innovative core components for manufacturing inverters, such as inductors, coils and toroidal transformers.
“The acquisition of dtw is an important strategic step in expanding the technology leadership of SMA,” explained CEO Pierre-Pascal Urbon. “It allows us to more effectively coordinate the development processes of mechanics, electromagnetic components and power electronics while also significantly reducing development times. The acquisition provides a great way to further distinguish ourselves from competitors in the future.”