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SMA Solar Technology AG and Danfoss A/S Sign Cooperation Agreement to Form One of the World’s Largest Converter Alliances

SMA Solar Technology AG (SMA/FWB: S92) and Danfoss A/S signed a contract today to enter into a close strategic partnership. With this agreement, the two leading system technology specialists will start to further boost their competitiveness. The goal is to sustainably strengthen their cost positions through economies of scale and through joint development initiatives. According to the plans announced in February, Danfoss will acquire 20% of SMA’s outstanding shares and sell its entire solar inverter business to SMA. The necessary approval by the antitrust authorities has already been granted.