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SolarEdge acquires majority stake in S.M.R.E. Spa

SolarEdge Technologies, Inc. has announced its acquisition of a majority stake in S.M.R.E. Spa. The deal is valued at $85 million. Based in Italy, S.M.R.E. Spa is a supplier of industrial manufacturing solutions. Based in Herzliya, Israel, SolarEdge Technologies is a developer and seller of direct current inverter systems for solar photovoltaic installations. Roth Capital provided financial advice to S.M.R.E. Spa on the transaction.

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Mergers & Acquisitions,M&A,M&A deals,Majority stake