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SOLON SE

EANS-News: SOLON SE
SOLON SE sells Swiss subsidiary SOLON Inverters AG

Berlin (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Spin-offs
SOLON SE sells Swiss subsidiary SOLON Inverters
AG
Berlin/Uznach, December 14, 2010: SOLON SE has today announced that 
it has sold its Swiss subsidiary SOLON Inverters AG to Delta Energy 
Systems (Germany) GmbH, which forms part of the Taiwan-based Delta 
Electronics Group. The change of control takes immediate effect. The 
parties have agreed not to disclose any details of the transaction.
SOLON Inverters AG - which was founded in 1992 under the name asp AG 
and is based in Uznach, Switzerland - has been a member of the SOLON 
Group since 2000 and develops, produces and sells sinewave inverters 
for stand-alone installations. The company and its 14 employees 
generated revenue of EUR2.3 million in 2009.
The strategy pursued by the SOLON Group, which specializes in 
developing and manufacturing solar modules and erecting large-scale 
power plants, has recently been focusing much less on business in 
inverters for stand-alone installations. The sale of SOLON Inverters 
AG therefore constitutes a further stage of the restructuring program
launched last year, which is intended to help optimize the SOLON 
Group's cost structures and place a sharp focus on its core 
competencies and key markets.
Stefan Säuberlich, chief executive officer of SOLON SE: "SOLON 
Inverters AG possesses a team of outstandingly skilled, highly 
experienced specialists in the field of inverter technology. We are 
delighted that, in the Delta Electronics Group, the company has found
a new owner whose support and direction will open up new 
opportunities for its workforce and for taking its business forward."
About SOLON SE: SOLON SE is one of Europe's largest solar module 
producers and a provider of solar systems technology for large-scale 
rooftop and free-field installations. The SOLON Group has 
subsidiaries in Germany, Austria, Italy, France, Switzerland and the 
United States and employs around 950 people worldwide. Its core 
business is the manufacture of solar modules and photovoltaic systems
and the design and construction of large-scale rooftop installations 
and turnkey solar power plants around the world.
About the Delta Electronics Group: The Delta Electronics Group is the
global market leader in the manufacture of switching power supplies 
and a major supplier of visual displays and electronic components for
IT, telecom, networking, medical and industrial applications as well 
as renewable energies. It employs well over 60,000 people worldwide 
in sales/marketing, development and production. Its subsidiary Delta 
Energy Systems has been investing since 1999 in the development and 
global marketing of its solar inverter program and has made a 
valuable contribution to helping achieve Delta's mission of providing
innovative, clean and efficient energy solutions for a better 
tomorrow.
SOLON SE
Therese Raatz
Public Relations
Tel.: +49 (0)30 81879 9305
Fax: +49 (0)30 81879 9300
Email:  therese.raatz@solon.com
end of announcement                               euro adhoc

Further inquiry note:

Therese Raatz
Head of Corporate Communications
Tel.: +49 30 818 79-9305
E-Mail: therese.raatz@solon.com

Branche: Energy
ISIN: DE0007471195
WKN: 747119
Index: Midcap Market Index, CDAX, HDAX, Technology All Share, GEX,
ÖkoDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / regulated dealing
Hamburg / regulated dealing
Stuttgart / regulated dealing
Düsseldorf / regulated dealing
München / regulated dealing

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