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Electronics Production | October 29, 2007

Solon acquires shareholding in ml&s GmbH

Berlin-based SOLON AG für Solartechnik is acquiring a 41 percent interest in ml&s GmbH & Co. KG, a full-service provider to the electronics industry.
It is purchasing this stake by acquiring the stock held by two existing shareholders. The purchase price has been mutually decided upon to remain confidential.

ml&s GmbH & Co. KG, which is based in Greifswald, northeastern Germany, was established in 2002 and employs over 300 people. It performs manufacturing and logistics services and produces made-to-order electronic appliances and systems for a number of sectors. In addition, SOLON AG and ml&s GmbH & Co. KG have been successfully collaborating for several years on the manufacture of photovoltaic modules. The aim of this investment is to intensify cooperation following the planned expansion of the photovoltaic module production capacities of SOLON's Greifswald-based subsidiary SOLON Nord GmbH and to meet the growing demand for electronic products and systems for photovoltaic applications.

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