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Solar business Conergy, aims to scale up before launching its IPO

Europe’s largest solar firm by sales, Conergy is looking to acquire two companies in 2015, to scale up, before it goes public. The Hamburg-based company is looking to buy a large, regional solar company, or a private firm, that has global presence. Conergy, like many others in the solar business had been hurt by reduced consumer subsidies in Germany. It has gone bankrupt in 2013. A plunge in solar equipment prices, due to a global supply problem, had added to its woes. The older Conergy was broken up and sold in pieces to buyers, which included Robert Bosch GMBH.

Tags:

Germany, United Kingdom, United States,Conergy,Robert Bosch GMBH

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