Deals
SMA Buys Phoenix Solar Unit to Expand in Power Plant Services
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SMA Solar Technology, the biggest maker of inverters, will buy a unit of Phoenix Solar AG to expand in operating and servicing photovoltaic power plants.
SMA today signed a contract to buy Phoenix Solar’s European operations and maintenance activities including customer contracts in Germany, France, Spain and Italy, the Niestetal, Germany-based company said in a statement. No price was given.