SMA Solar Has Capacity for M&A in Power Plant Services

SMA Solar Technology AG wants to buy more power-plant operations and maintenance contracts as the biggest maker of inverters used by solar farms seeks to expand its service business to counter falling sales.

SMA, which today reported widening losses from a year ago, is interested in buying groups in Europe’s key solar markets including Germany, Spain, France, Italy and later the U.K., Chief Executive Officer Pierre-Pascal Urbon said today in a phone interview. The company based in Niestetal, Germany, bought Phoenix Solar AG’s European O&M unit yesterday.