Solarwatt acquires storage system technology specialist REConvert

Dresden, Germany-based PV company Solarwatt GmbH is acquiring the Dutch company REConvert BV »for a single-digit million amount.« The company, which was founded in 2018, has around 20 employees and is based in Utrecht. It specializes in the development of control systems for the power electronics of battery storage systems and has already cooperated with Solarwatt’s subsidiary Solarwatt Innovation in the development of home storage systems.
Solarwatt CFO Sven Böhm called the acquisition a »logical step« in the development towards a »sector coupler«. He added that Solarwatt could thus further strengthen its »know-how in the field of power electronics for storage systems and inverters.«
REConvert CEO Arno Van Zwam is to manage the business of the company in the future together with Solarwatt CTO Armin Froitzheim. REConvert will retain both its name and its headquarters.
© PHOTON

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