Global industry and electrification giant ABB Group announced on Monday, the company through mergers and acquisitions industry leading solar inverter - Power-One football into the name (s). If the successful completion of mergers and acquisitions in the second half of this year, ABB Group will become the industry leader of the inverter. Which became optimistic about the market is an important example of the PV inverter market.

The data show that the Power-One company has the most comprehensive PV grid tie inverter product range covers from the home to all kinds of application of electric power enterprises, and also has a wide range of global production layout. Last year, Power-One sales reach $ 1 billion, operator interest, taxes, depreciation and amortization (EBITDA) of $ 120 million, 3300 employees in countries such as China, Italy, the United States and Slovakia. ABB's will be $ 6.35 per share in cash, or approximately $ 1.028 billion of equity value, the acquisition of the Power-One.

Photovoltaic power generation rapidly approaching grid parity, solar energy is increasingly becoming the reconstruction of the main force of the future energy mix. "ABB Group CEO Haokun, said. International Energy Agency forecast that, by 2021, the PV DC to AC Converter market will grow at an annual growth rate of more than 10%. Emerging market demand for energy is growing, rising electricity prices and cost reduction, these factors have contributed to the rapid growth of the inverter market.

The data show that ABB PV inverter sales are estimated to be more than one hundred million U.S. dollars in 2013. With the completion of the acquisition, Power-One will be merged into the ABB Group discrete automation and motion control business, in order to achieve a powerful combination. Inverters global head of ABB Group believes that the future will be in the field of global inverter obvious advantages.