This site uses cookies to ensure the best viewing experience for our readers. Read more about it Got it

Brief

SolarEdge Completes Assets Acquisition of UPS Company Gamatronic

The companies announced the deal, valued at around $11.5 million, in May

CTech 14:1602.07.18

Nasdaq-listed SolarEdge Technologies Inc. has completed a $11.5 million (NIS 41 million) acquisition of the assets of Gamatronic Electronic Industries Ltd., Gamatronic announced Monday in a filing to the Tel Aviv Stock Exchange. SolarEdge announced the acquisition In May, as part of its decision to enter the uninterruptible power supply (UPS) market. SolarEdge still has a time-limited option to acquire the English and Chinese subsidiaries of Gamatronic.

 

Guy Sella, CEO and chairman of SolarEdge. Photo: Amit Sha'al Guy Sella, CEO and chairman of SolarEdge. Photo: Amit Sha'al

 

Cancel Send
    To all comments