Bosch Takes 69% Stake in Aleo Solar
The Bosch Group has acquired a majority stake in Aleo Solar AG, a solar panel manufacturer.
Bosch took a 69% stake in Aleo and is also taking a 60% stake in Johanna Solar Technology GmbH through Aleo, which owns a 17% stake. Both companies are based in Germany.
The acquisitions will "strengthen our photovoltaics business by completing our value added chain and opening up new distribution channels," says Holger von Hebel, president of the Bosch Solar Energy division.
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