In May 2014, the Group acquired the solar inverter business and Building Integrated PV (“BIPV”) business of Sunways AG. The acquisition also includes the purchase of the brand and name of Sunways AG and its patents, design, know-how, equipment, inventories, etc.
The Group targeted to establish its own R&D capabilities in the development of new inverter, storage and monitoring technology; to build up its own inverter production facilities; to set up PV kits business for residential market; and to achieve worldwide sales for BIPV products through this acquisition.
Registered seat in Konstanz, Germany and based in Germany, Sunways AG is a German stock corporation whose shares are admitted to trading on the Frankfurt Stock Exchange.
Alongside components for standard applications (solar cells, solar modules and inverters) and complete systems, Sunways AG also offers customer-specific, design-oriented solutions for building-integrated photovoltaics to customers.