PRESS RELEASE: 3W Power S.A. / AEG Power Solutions: AEG Power Solutions acquires outstanding stake in skytron energy
02.08.2011
DGAP-News: 3W Power S.A. / AEG Power Solutions / Key word(s):
Acquisition/Mergers & Acquisitions
3W Power S.A. / AEG Power Solutions: AEG Power Solutions acquires
outstanding stake in skytron energy
02.08.2011 / 18:08
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August 2, 2011
AEG Power Solutions acquires outstanding stake in skytron energy
- Acquisition of outstanding 25%
- skytron energy stays independent
- Further collaboration in global solar projects
Luxembourg/Zwanenburg, The Netherlands - August 2, 2011 - AEG Power
Solutions, a global player in industrial power and solar electronics,
acquired the outstanding 25% of skytron energy after buying a majority
stake last year.
The cooperation offered photovoltaic power plant operators highly reliable
technology and expertise for the integration, implementation and operation
of rugged solutions for greater system availability and higher energy
yields. 'With respect to the objectives we set ourselves regarding our
cooperation, we fulfilled and even exceeded our expectations to such an
extent that we were able to acquire the whole company, thereby further
strengthening our collaboration', commented Horst Kayser, CEO of AEG Power
Solutions.
Strategically, both companies fit together perfectly. AEG PS benefits from
skytron's position in renewables, skytron profits from the global network
of AEG PS in sales and service. Skytron provides leading-edge metering,
monitoring and supervision solutions to companies in engineering,
procurement and construction (EPCs), as well as to independent power
producers (IPPs). By setting high operating and financial objectives with
the strategic Agenda 2012 initiated by CEO Kayser, AEG PS is driving its
international growth immensely.
Under the existing management of Martin Sauter, skytron will stay a
separate legal entity with its own brand. skytron and AEG PS will jointly
take advantage of the strong global growth within the solar market,
especially in India. Other business opportunities are developing operations
and maintenance business as well as smart grid solutions.
AEG Power Solutions' results for the second quarter, which are due to be
announced August 11, 2011, will reflect the adopted strategy as well as the
effects of Agenda 2012.
About skytron energy
Based in Berlin, skytron energy GmbH is specialized in the development and
manufacture of monitoring systems for utility scale PV power plants. The
company employs 55 people, mainly R&D engineers involved in hardware and
software development. To date, skytron has installed its monitoring
solutions in numerous PV power plants across Europe with a total capacity
of over 1500 MW. Two of the largest PV power plants in the world -
Germany's 54 MW plant in Strasskirchen and 80 MW facility in Finsterwalde -
have been equipped with the company's monitoring solutions.
www.skytron-energy.com
About 3W Power/AEG Power Solutions
3W Power S.A. is the holding company of AEG Power Solutions Group. Shares
and warrants in the company are admitted to trading on NYSE Euronext,
Amsterdam (ticker symbol: 3WP and 3WPW, respectively). Additionally, the
shares are traded on the Frankfurt Stock Exchange (ticker symbol: 3W9).
AEG Power Solutions is a world provider of innovative premium power
solutions. Backed by more than a century of innovation and customer
service, AEG Power Solutions offers a full-range of highly reliable,
cost-effective solutions, from power conversion modules, solar inverters
and solutions to high reliability UPS systems, industrial chargers and DC
systems. System solutions from AEG PS are designed to interface with the
electrical power grid and to offer power solutions for mission-critical
applications in harsh environments, such as utility-scale renewable energy
plants, polysilicon manufacturing process, power plants, offshore oil rigs
or chemical refineries.
AEG Power Solutions activities consist of two complementary operating
business segments : Renewable Energy Solutions, gathering power controller
systems and solar solutions and Energy Efficiency Solutions, dedicated to
all infrastructure applications. Thanks to its distinctive expertise,
bridging both AC and DC power technologies and spanning the worlds of both
conventional and renewable energy, the company is uniquely positioned to
benefit in the long term from emerging demand for intelligent micro-energy
grids.
www.aegps.com
Media relations:
Claire Pairault:
claire.pairault@aegps.com
Tel: + 33 6 19 60 91 64
+33 1 55 51 10 76
End of Corporate News
=--------------------------------------------------------------------
02.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
=--------------------------------------------------------------------
Language: English
Company: 3W Power S.A. / AEG Power Solutions
Weerenweg 29
1161 AH Zwanenburg
Netherlands
Phone: +31 20 4077 800
Fax: +31 20 4077 801
E-mail: claire.pairault@aegps.com
Internet: www.aegps.com
ISIN: GG00B39QCR01
WKN: A0Q5SX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, München, Stuttgart
End of News DGAP News-Service
=--------------------------------------------------------------------
134156 02.08.2011
DGAP-News: 3W Power S.A. / AEG Power Solutions / Key word(s):
Acquisition/Mergers & Acquisitions
3W Power S.A. / AEG Power Solutions: AEG Power Solutions acquires
outstanding stake in skytron energy
02.08.2011 / 18:08
=--------------------------------------------------------------------
August 2, 2011
AEG Power Solutions acquires outstanding stake in skytron energy
- Acquisition of outstanding 25%
- skytron energy stays independent
- Further collaboration in global solar projects
Luxembourg/Zwanenburg, The Netherlands - August 2, 2011 - AEG Power
Solutions, a global player in industrial power and solar electronics,
acquired the outstanding 25% of skytron energy after buying a majority
stake last year.
The cooperation offered photovoltaic power plant operators highly reliable
technology and expertise for the integration, implementation and operation
of rugged solutions for greater system availability and higher energy
yields. 'With respect to the objectives we set ourselves regarding our
cooperation, we fulfilled and even exceeded our expectations to such an
extent that we were able to acquire the whole company, thereby further
strengthening our collaboration', commented Horst Kayser, CEO of AEG Power
Solutions.
Strategically, both companies fit together perfectly. AEG PS benefits from
skytron's position in renewables, skytron profits from the global network
of AEG PS in sales and service. Skytron provides leading-edge metering,
monitoring and supervision solutions to companies in engineering,
procurement and construction (EPCs), as well as to independent power
producers (IPPs). By setting high operating and financial objectives with
the strategic Agenda 2012 initiated by CEO Kayser, AEG PS is driving its
international growth immensely.
Under the existing management of Martin Sauter, skytron will stay a
separate legal entity with its own brand. skytron and AEG PS will jointly
take advantage of the strong global growth within the solar market,
especially in India. Other business opportunities are developing operations
and maintenance business as well as smart grid solutions.
AEG Power Solutions' results for the second quarter, which are due to be
announced August 11, 2011, will reflect the adopted strategy as well as the
effects of Agenda 2012.
About skytron energy
Based in Berlin, skytron energy GmbH is specialized in the development and
manufacture of monitoring systems for utility scale PV power plants. The
company employs 55 people, mainly R&D engineers involved in hardware and
software development. To date, skytron has installed its monitoring
solutions in numerous PV power plants across Europe with a total capacity
of over 1500 MW. Two of the largest PV power plants in the world -
Germany's 54 MW plant in Strasskirchen and 80 MW facility in Finsterwalde -
have been equipped with the company's monitoring solutions.
www.skytron-energy.com
About 3W Power/AEG Power Solutions
3W Power S.A. is the holding company of AEG Power Solutions Group. Shares
and warrants in the company are admitted to trading on NYSE Euronext,
Amsterdam (ticker symbol: 3WP and 3WPW, respectively). Additionally, the
shares are traded on the Frankfurt Stock Exchange (ticker symbol: 3W9).
AEG Power Solutions is a world provider of innovative premium power
solutions. Backed by more than a century of innovation and customer
service, AEG Power Solutions offers a full-range of highly reliable,
cost-effective solutions, from power conversion modules, solar inverters
and solutions to high reliability UPS systems, industrial chargers and DC
systems. System solutions from AEG PS are designed to interface with the
electrical power grid and to offer power solutions for mission-critical
applications in harsh environments, such as utility-scale renewable energy
plants, polysilicon manufacturing process, power plants, offshore oil rigs
or chemical refineries.
AEG Power Solutions activities consist of two complementary operating
business segments : Renewable Energy Solutions, gathering power controller
systems and solar solutions and Energy Efficiency Solutions, dedicated to
all infrastructure applications. Thanks to its distinctive expertise,
bridging both AC and DC power technologies and spanning the worlds of both
conventional and renewable energy, the company is uniquely positioned to
benefit in the long term from emerging demand for intelligent micro-energy
grids.
www.aegps.com
Media relations:
Claire Pairault:
claire.pairault@aegps.com
Tel: + 33 6 19 60 91 64
+33 1 55 51 10 76
End of Corporate News
=--------------------------------------------------------------------
02.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
=--------------------------------------------------------------------
Language: English
Company: 3W Power S.A. / AEG Power Solutions
Weerenweg 29
1161 AH Zwanenburg
Netherlands
Phone: +31 20 4077 800
Fax: +31 20 4077 801
E-mail: claire.pairault@aegps.com
Internet: www.aegps.com
ISIN: GG00B39QCR01
WKN: A0Q5SX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, München, Stuttgart
End of News DGAP News-Service
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134156 02.08.2011
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