VMCAP – Vorndran Mannheims Capital
VMCAP – Vorndran Mannheims Capital: Rioglass Solar enters the Concentrated Solar Power receiver business, strengthening its position as supplier of key CSP components, by purchasing Siemens CSP’s receiver technology and assets
VMCAP – Vorndran Mannheims Capital / Key word(s): Investment Rioglass Solar enters the Concentrated Solar Power receiver business, strengthening its position as supplier of key CSP components, by purchasing Siemens CSP’s receiver technology and assets September 18th, 2013 – Brussels, Belgium — Rioglass Solar, the leading manufacturer of mirrors used for Concentrating Solar Power, has signed an agreement with Siemens CSP, for the acquisition of the receiver technology and related manufacturing assets. José M. Villanueva, Chairman and CEO of Rioglass Solar Holding, said ‘This acquisition provides Rioglass Solar with a unique opportunity to diversify and strengthen its presence in the CSP market with an extensive product offering. It displays once more our commitment to this industry and to our customers, supporting them in meeting the challenges of a renewable energy future’. The execution of the transaction is subject to the approval of the Antitrust Authority and other governmental entities. Rioglass Solar reinforces its position as a leader in the CSP market with this transaction, now as a supplier of two of the main components of parabolic trough technology, mirrors and receivers, as well as reflectors for CSP Tower, Fresnel and Stirling Dish technologies. About Rioglass Solar: www.rioglassolar.com End of financial news 18.09.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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