GERMAN SUN PLAYER SOLD TO INDIA

PV Manufacturer Solon Receives Takeover Offer From Microsol
2 March 2012 (Solar Industry)

"Struggling Germany-based PV module manufacturer Solon SE, which filed for insolvency last December, has received a binding offer from Microsol. Microsol, a solar company based in India, plans to buy Solon's operational business…Microsol has promised to keep 433 of 471 employees, as well keep Solon's operations in Berlin…"

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"…[Microsol] plans to take over the research and development department as well as the central responsibilities for the other companies, such as procurement and sales and marketing. In addition, Microsol will acquire the company's Berlin production plant, and Italian and U.S. subsidiaries…Solon Nord GmbH, however, will be eliminated. A separate buyer is still being sought for French Solon subsidiary Solon SAS…"