Monday, February 6, 2006
SolarWorld AG’s move on Thursday (Feb. 2) to acquire Shell’s solar unit is possibly the first and last “mega-merger” in the international solar market, according an industry executive.
But look for consolidation among the smaller and weaker players in the exploding market, said Frank Asbeck, chairman and CEO of SolarWorld (Bonn, Germany), a supplier of solar cells and other products.
“The transfer of Shell Solar to SolarWorld AG reflects the consolidation in the industry that has been emerging for some time,” Asbeck said in a statement.
But for the foreseeable future, this could be the last major merger in the market. “The other big international players are firmly in place,” he said in a statement. “Big corporations with a lot of capital clout are behind them. From today’s point of view it is difficult to imagine that one of these large players might disappear from the market through a take-over.”
On the other hand, consolidations and takeovers in the segments that require less capital and know-how of the solar power market, like solar cell and solar module production, are likely, he added.
By: DocMemory
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