#Energy Niestetal, Germany (SPX) Feb 28, 2014
The announcement that Danfoss would sell its entire solar inverter business line to SMA and in return acquire a 20% share of SMA for just over euro 300m highlights the on-going consolidation of the European solar manufacturing business in a declining domestic market. The tie-up does not come as a huge surprise given the struggles the industry currently faces as it deals with a shrinking Europeahttp://www.solardaily.com/reports/SMA_Solar_Technology_Tie_Up_Creates_Solar_Inverter_Industrys_Strongest_Player_but_Challenges_Remain_999.html http://bit.ly/15KdByZ
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