The solar cell plant will be installed in six different blocks in connection with the refurbishment of the roofs at Brf Grevgården. The plant is prepared for and can be expanded to 382 kW if required. The plant will be divided into three smaller and independent plants per block / yard connected to incoming FerroAmp technology. In the long term, these facilities will be interconnected so that power-sharing can take place and so that the surplus can be used to charge electric cars.
CEO Stefan Ölander comments:
– It's extra fun when a new subsidiary delivers fine business from one of its larger customers, HSB. We are now looking forward to close cooperation between our two west coast companies, Merasol and Takorama. We are convinced that such cooperation will lead to an increased business volume with good profitability for both companies.
For more information contact: Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-mail: stefan.olander@soltechenergy.com.
The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on February 26, 2020 at. 13.10 CET.
About Soltech Energy Sweden AB (publ)
Soltech is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese venture is conducted, Soltech Sales & Support, NP Group, Swede Energy Power Solutions, Merasol, Soldags and Takorama. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 32,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
Takorama focuses on flat sealing roofs for the corporate market and has a number of framework agreements with large customers in the business and public sectors. Takorama will be Soltech's second subsidiary on the west coast following the acquisition of Merasol earlier this year. This is Soltech's first company acquisition this year that is not a solar company. There will be more as we believe in transforming eg roofing companies into solar roofing companies. We will take unlisted traditional companies in the roofing, facade and electricity industries, for example, into a listed environment and make them sustainable companies that, in addition to their traditional business, add solar energy. It will build value for our shareholders and at the same time be a strong force in helping to make solar energy a natural part of our energy mix.
The acquisition of Takorama in economic terms:
• All shares in Takorama are valued at SEK 14.5 million and the total acquisition proceeds for 70 per cent of the shares thus amount to SEK 10.15 million.
• The acquisition is paid with an initial cash portion of SEK 4.3 million and newly issued Soltech shares worth SEK 2.03 million (20 percent of the purchase price). After 12, 24 and 36 months, a further total of SEK 3.82 million can be paid out in variable supplementary purchase price if set sales and profitability targets are achieved.
• In the spring of 2023, through an option agreement, Soltech has the option to acquire the remaining 30 percent of the shares in Takorama, or a desired part thereof. The price for the shares under this option is calculated as the average of EBIT in Takorama during the financial years 2020 – 2022 (3 years) multiplied by six (6) multiplied by the percentage acquired.
• The acquisition of Takorama is financed entirely from its own cash and with newly issued Soltech shares.
• Soltech and Takorama's assessment is that the acquisition will contribute about SEK 33 million in sales in 2020 and with a positive operating profit of about 8 – 10 percent.
• From the 2021 fiscal year onwards, Soltech expects continued sales growth with a good operating margin thanks to Takorama adding solar energy to its product range. In addition, synergies within the Group in terms of joint purchasing, marketing, HR and administration will have a positive impact on sales and earnings.
CEO Stefan Ölander in a comment:
– We are pleased to have agreed with Takorama, which is characterized by great drive and deep knowledge. We see great business opportunities as they now add solar energy to their product range. Transforming traditional companies into solar companies is socially beneficial and a good business.
Michael Norrby, CEO Takorama in a comment:
– Takorama has always stood for a high quality and willingness to develop. In recent years, we have seen a significant increase in solar energy inquiries and this step is quite natural. We are sure that the Soltech Group is the right group for us to grow in solar energy.
For more information contact: Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-mail: stefan.olander@soltechenergy.com.
The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on 25 February 2020 at. 11.00 CET.
About Soltech Energy Sweden AB (publ) Soltech is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese venture is conducted, Soltech Sales & Support, NP Group, Swede Energy Power Solutions, Merasol, Soldags and Takorama. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 32,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
Swede Energy's technical know-how was crucial to getting the order and a production guarantee will also be provided at the plant. The solar system will be built using the very latest solar cell technology.
Soltech's CEO, Stefan Ölander in a comment:
– We are very pleased with our subsidiary Swede Energy, which has had a very successful 2019 and is now also launching 2020 strongly with this prestige order. It is extra fun that the customer is Castellum, which is one of Sweden's largest and most sustainable real estate companies with 632 properties spread over 4.2 million square meters of office and logistics space in Sweden as well as in Copenhagen and Helsinki.
For more information contact: Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-mail: stefan.olander@soltechenergy.com
The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on February 20, 2020 at. 07.15 CET.
About Soltech Energy Sweden AB (publ)
Soltech is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, Soltech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol and Soldags. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 32,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
For ASAB, the increased vacancy means that some of ASAB's customers in China will for a period have lower electricity consumption than usual. ASAB can always sell produced and renewable electricity to the grid according to law in China. The consequence is that a certain part of the electricity produced is sold to the electricity grid instead of directly to the customer, with slightly lower revenue per kWh as a result.
The first quarter of the year corresponds to approximately 18% of the year's revenue, as solar radiation is less during the winter season. This in turn means that the potential loss of income (the difference between selling electricity to the electricity grid instead of directly to the customer) comes during a period when ASAB has a smaller part of the year's revenue.
For more information contact:
Frederic Telander, CEO Advanced Soltech Sweden AB (publ) Tel: 070 – 525 16 03. E-mail: frederic.telander@soltechenergy.com or Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. Email: stefan.olander@soltechenergy.com.
About Soltech Energy Sweden AB (publ)
Soltech Energy is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, Soltech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol and Soldags. Soltech Energy Sweden AB (publ) is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 31,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
About the China venture
Soltech Energy's investment in China is conducted in Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd., ASRE, its wholly owned local subsidiaries and Longrui Solar Energy (Suqian) Co. Ltd. The business model consists of financing, installing, owning and managing solar energy installations on customers' roofs in China. The customer does not pay for the solar facility, but instead purchases the electricity that the plant produces during a 20-year agreement. Current revenue comes from the sale of electricity to customers and from various forms of grants per produced kilowatt hour (kWh) of solar electricity. The goal is to have an installed capacity of 1000 megawatts (MW) fully connected to the electricity grid in 2024 by 2023.
ASRE and Longrui Solar Energy (Suqian) Co. Ltd. are wholly owned subsidiaries of Advanced Soltech Sweden AB (publ). ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.
In view of prevailing market conditions due to the corona virus in China, ASAB has decided to postpone the planned issue of green secured corporate bonds. During its “roadshow”, ASAB has met more than 60 investors in Asia and the Nordic countries and is grateful for the time and interest that investors have taken in this transaction.
The cooperation with DNB Markets and Nordea with the aim of issuing green bonds still constitutes, together with the previously announced intention to list ASAB's shares on Nasdaq First North Growth Market, the new financing plan for the continued expansion in China.
The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on January 29, 2020 at. 08:30 CET.
About Soltech Energy Sweden AB (publ)
Soltech Energy is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, Soltech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol and Soldags. Soltech Energy Sweden AB (publ) is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 31,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
About the China venture
Soltech Energy's investment in China is conducted in Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd., ASRE, its wholly owned local subsidiaries and Longrui Solar Energy (Suqian) Co. Ltd. The business model consists of financing, installing, owning and managing solar energy installations on customers' roofs in China. The customer does not pay for the solar facility, but instead purchases the electricity that the plant produces during a 20-year agreement. Current revenue comes from the sale of electricity to customers and from various forms of grants per produced kilowatt hour (kWh) of solar electricity. The goal is to have an installed capacity of 1000 megawatts (MW) fully connected to the electricity grid in 2024 by 2023.
ASRE and Longrui Solar Energy (Suqian) Co. Ltd. are wholly owned subsidiaries of Advanced Soltech Sweden AB (publ). ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.
The plant is estimated to produce approximately 1,728,000 kWh annually and the customer buys all the electricity that the plant produces for 20 years. The investment in the facility, which will continue to be owned by ASRE, amounts to approximately 9.94 million SEK and construction start is planned for Q2, 2020.
CEO Stefan Ölander comments:
– We end the week with another order under the exclusive five-year cooperation agreement signed in the spring of 2019 with the Jiangsu Siyang Administrative Committee of Economic Development Zone in Jiangsu Province, on the construction of 500 megawatts (MW) of solar energy capacity (100 MW per year for five years).
For more information contact:
Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-post: stefan.olander@soltechenergy.com
The information in this press release is such that Soltech Energy Sweden AB (publ) have to to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on January 24, 2020 at. 07.15 CET.
About Soltech Energy Sweden AB (publ)
Soltech Energy is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, Soltech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol and Soldags. Soltech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 31,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
About the China venture
Soltech Energy’s investment in China is conducted in Advanced Soltech Renewable Energy (Hangzhou) Co. Ltd., ASRE and Longrui Suqian (LSE). The business model consists of ASRE and LSE financing, installing, owning and managing solar energy installations on customers’ roofs in China. The customer does not pay for the solar facility, but instead commits to purchase the electricity that the plant produces during a 20-year agreement. ASRE’s current revenue comes from the sale of electricity to customers and from various forms of subsidies per produced kilowatt hour (kWh) of solar electricity. The goal is to have an installed capacity of 1000 megawatts (MW) fully connected to the electricity grid in 2024
The plant is estimated to produce approximately 2,849,040 kWh annually and the customer buys all the electricity that the plant produces for 20 years. The investment in the facility, which will continue to be owned by ASRE, amounts to approximately SEK 16.33 million and construction start is planned for quarter 2, 2020.
CEO Stefan Ölander comments:
– This is another order under the exclusive five-year cooperation agreement signed in the spring of 2019 with the Jiangsu Siyang Administrative Committee of Economic Development Zone in Jiangsu Province, on the construction of 500 megawatts (MW) of solar energy capacity (100 MW per year for five years).
For more information contact:
Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-post: stefan.olander@soltechenergy.com
The information in this press release is such that Soltech Energy Sweden AB (publ) have to to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on January 23, 2020 at. 07.30 CET.
About Soltech Energy Sweden AB (publ)
Soltech Energy is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, Soltech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol and Soldags. Soltech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 31,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
About the China venture
Soltech Energy’s investment in China is conducted in Advanced Soltech Renewable Energy (Hangzhou) Co. Ltd., ASRE and Longrui Suqian (LSE). The business model consists of ASRE and LSE financing, installing, owning and managing solar energy installations on customers’ roofs in China. The customer does not pay for the solar facility, but instead commits to purchase the electricity that the plant produces during a 20-year agreement. ASRE’s current revenue comes from the sale of electricity to customers and from various forms of subsidies per produced kilowatt hour (kWh) of solar electricity. The goal is to have an installed capacity of 1000 megawatts (MW) fully connected to the electricity grid in 2024
ASRE and Longrui Solar Energy (Suqian) Co. Ltd. are wholly owned subsidiaries of Advanced Soltech Sweden AB (publ). ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.
In connection with this, ASAB has mandated DNB Markets and Nordea to investigate the conditions for ASAB to issue a new bond loan and to arrange meetings with selected bond investors starting on January 15, 2020. Subject to prevailing market conditions, a bond issue, Swedish benchmark size (or equivalent value in EUR), under a bond framework agreement of SEK 2,000 million with floating interest rates will be emitted. The Board of Directors of ASAB reserves the right to decide whether to cancel, suspend or postpone the bond issue in whole or in part. The funds from an issue is intended to be used to repurchase outstanding bonds and to finance ASAB's future growth.
ASAB's new collaboration with DNB Markets and Nordea, together with the previously announced intention to list ASAB's shares on Nasdaq First North Growth Market, is part of the new financing plan for the continued expansion in China where ASAB intends to target a wider circle of institutional investors.
Frederic Telander, CEO ASAB and Stefan Ölander, CEO SolTech Energy comment:
– We have previously communicated a goal to achieve an installed solar capacity equivalent to 1 GW (1000 MW) in 2023, which is fully connected to the electricity grid in 2024. The demand for our offer in China remains very good and we have a strong pipeline of high-quality projects waiting for funding. The investments are made where they have the greatest positive climate impact and with this transaction, we lay the foundation we need for our journey towards the creation of a green energy company in the frontline.
New financial information
In connection with ASAB evaluating the possibility of issuing bonds, new financial information that has not been public previously, is published.
ASAB is in a strong expansion phase and had, as of December 31, 2019, an installed capacity of 139.2 MW in its portfolio of solar power plants with an annual revenue capacity of approximately SEK 161 million and EBITDA of approximately SEK 141 million, given certain assumptions. The company has furthermore prepared combined financial statements for the Group in which ASAB is the parent company for the full year 2017 and 2018 and for the period 1 January 2019 – 30 September 2019
The new financial information is described in more detail in a presentation on the company's website: [LINK].
For more information contact: Frederic Telander, CEO, Advanced Soltech Sweden AB (publ). Tel: 070-525 16 03. E-mail: frederic.telander@soltechenergy.com or Stefan Ölander, CEO SolTech Energy Sweden AB (publ) Tel: 070-739 80 00. E-mail: stefan.olander@soltechenergy.com
The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on January 13, 2020 at. 07:30 CET
Advanced SolTech Sweden AB (publ) – ASAB In order to continuously finance investments in China, the SolTech Group’s parent company and its partner in China, Advanced Solar Power Hangzhou Inc., have formed ASAB. ASAB’s business consists of lending to Group companies to finance solar power plants in China that are owned and managed by ASRE, LSE or its wholly owned local subsidiaries.
The company’s Certified Adviser is FNCA, telephone 08-528 00 399 E-mail: info@fnca.se More info at www.advancedsoltech.com
About Soltech Energy Sweden AB (publ) Soltech Energy is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, Soltech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol and Soldags. Soltech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 31,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
About the China venture Soltech Energy’s investment in China is conducted in Advanced Soltech Renewable Energy (Hangzhou) Co. Ltd., ASRE and Longrui Suqian (LSE). The business model consists of ASRE and LSE financing, installing, owning and managing solar energy installations on customers’ roofs in China. The customer does not pay for the solar facility, but instead commits to purchase the electricity that the plant produces during a 20-year agreement. ASRE’s current revenue comes from the sale of electricity to customers and from various forms of subsidies per produced kilowatt hour (kWh) of solar electricity. The goal is to have an installed capacity of 1000 megawatts (MW) fully connected to the electricity grid in 2024
In connection with the signing of the agreement, three orders of 500 KW each were also signed, ie. a total of 1.5 MW. The total investment cost for these three facilities amounts to approximately SEK 9.7 million and annual revenues to approximately SEK 1.36 million. The plants are estimated to produce about 1.28 kWh per installed watt / year and will, as previously, be fully owned by ASRE. The customers undertake, under a 20-year agreement, to purchase all electricity produced by each plant.
CEO, Stefan Ölander in a comment:
– This is a very interesting cooperation agreement with a large bank in Hebi province. Here there are good opportunities to develop the cooperation over time. The fact that we already signed orders for the first three plants at the conclusion of the agreement further strengthens the cooperation. The agreement also provides the opportunity to finance part of the investment in the facilities on favorable terms through the bank. An alternative financing option that we are now also discussing.
For more information contact:
Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. Email: stefan.olander@soltechenergy.com
The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish according to EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on January 10, 2020 at. 07:30 CET.
About Soltech Energy Sweden AB (publ) Soltech Energy is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, Soltech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol and Soldags. Soltech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 31,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com
About the China venture
Soltech Energy's investment in China is conducted in Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd., ASRE, its wholly owned local subsidiaries and Longrui Solar Energy (Suqian) Co. Ltd. The business model consists of financing, installing, owning and managing solar energy installations on customers' roofs in China. The customer does not pay for the plant, but instead undertakes to purchase the electricity that the plant produces during a 20-year agreement. Ongoing revenue comes from the sale of electricity to customers and from various forms of grants per produced kilowatt hour (kWh) of solar electricity. The goal is to have an installed capacity of 1000 megawatts (MW) fully connected to the electricity grid in 2024 by 2023. ASRE and Longrui Solar Energy (Suqian) Co. Ltd. are wholly owned subsidiaries of Advanced Soltech Sweden AB (publ). ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.
Soldags has been Soltech's main retailer of Soltech ShingEl and RooF towards the private market in recent years, but also sells standard solar energy solutions. To intensify the marketing and sales efforts towards the private market of Soltech's products, this acquisition is now being carried out, which will provide Soldags with new resources to really take hold of the growing consumer market for aesthetic solar energy products. According to the solar industry, this market is currently considered to be facing its major breakthrough.
The acquisition of Soldags in financial terms:
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All shares in Soldags are valued at 23.5 MSEK and the total acquisition proceeds for 100% of the shares thus amount to 23.5 MSEK, provided that set sales and profit targets in Soldags are achieved during the next three years, 2020-2022.
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The acquisition is paid with an initial cash portion of 4.7 MSEK and newly issued Soltech shares worth 4.7 MSEK (20% of the purchase price). After 12 (2020), 24 (2021) and 36 months (2023), an additional SEK 4.7 million can be paid in variable supplementary purchase price after each individual fiscal year if the set sales and profitability targets for each year are achieved.
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In addition, a bonus may be paid for the financial years 2023 and 2024. In such cases, these bonuses will be paid with the equivalent of 30% of EBIT for the respective financial years 2023 and 2024 if very high targets are achieved.
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The acquisition is financed entirely from own cash and with newly issued Soltech shares.
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Soltech and Soldag's assessment is that the acquisition will contribute approximately 40 MSEK in
sales for the 2020 financial year and with a positive operating profit. From the 2021 fiscal year onwards, Soltech expects even stronger sales growth and operating margins as a result of increased sales of Soltech's products, joint purchasing, marketing, HR and administration.
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The target for the fiscal years 2021 is 100 MSEK and for 2022 180 MSEK in sales.
CEO Stefan Ölander in a comment:
– I am very pleased with this acquisition as we now have increased resources and expertise to invest in the growing consumer market for solar energy, and especially aesthetic solar energy. Soldags will be a hub for this venture. Soldags CEO Anders Olsson has an impressive career behind him from Tobii, among others, and in a short time has managed to gather a driven and competent team of co-owners and employees. This team now becomes part of Soltech, which will benefit Soltech and our shareholders.Anders Olsson, CEO Soldags in a comment:
– Since we started our business, we have exceeded our sales targets every quarter. Now that we are ready to take the next big step, we are extremely happy to be part of the Soltech Group. With Soltech's products, expertise, network and financial resources, we feel that we have been given a platform to succeed with our solar energy investment and that we can contribute to both a strong group development and a better environment. We are convinced that Soltech's good name will further increase our credibility and weight in the consumer market.For more information contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ) Tel: 070-739 80 00. E- mail: stefan.olander@soltechenergy.com or Anders Olsson, CEO Soldags. Tel: 0709 16 16 40. Email: anders@soldags.se.
The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person’s publication for publication on 20 December 2019 at. 10.45 CET.
About SolTech Energy Sweden AB (publ)
The Soltech Energy Group develops and sells aesthetic and building-integrated solar energy products for all types of properties – commercial, public and villas. The products are part of an exterior shell of a property in the form of a roof or a wall with integrated solar cells for the production of electricity. The group includes the subsidiaries SolTech Sales & Support, NP-Gruppen and Swede Energy Power Solutions. SolTech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 31,000 shareholders. The company's Certified Adviser is Erik Penser Bank Phone: 08-463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com
About Soldags I Sverige AB
Soldags i Sverige AB is one of the pioneers in high quality, aesthetic and customized solar energy solutions for the Swedish private market. With our 200 successful photovoltaic installations around Sweden, Soldags is on track to become one of Sweden's leading players in full-service consumer services, which is underlined by the company's strong growth over the past two years.