Acquisition of Bosch Solar Plants in Europe Beefs Up SolarWorld's Production Strength

SolarWorld AG

, parent company of SolarWorld Industries America will take over much of Bosch Solar Energy, boosting SolarWorld's annual global production capacity over 1 gigawatt at all key production phases, the company announced today. Expected to be completed by late February, the acquisition will lift the company's world capacity into the world's top 10 and bolster its status as the largest crystalline-silicon solar producer outside of the People's Republic of China. The acquisition of Bosch's cell and manufacturing in Arnstadt, Germany, will heighten the company's scale efficiencies, diversify its product offerings and usher in opportunities for inter-site research and development, according to SolarWorld. The company will operate major