Bosch and the Eriksen Group, including related parties and other investors, have signed agreements relating to the purchase of 39.43 percent of the shares in Aleo Solar AG, an established brand name in the solar module market, in Prenzlau and Oldenburg, Germany. The entire transaction is conditional on Bosch holding at least 75 percent of Aleo shares following the conclusion of the public offer.

According to the company’s press release, this acquisition will give Bosch broad access to the photovoltaic market. In 2008, the technology and services company already acquired a solar cell manufacturer when it took over Ersol Solar Energy AG in Erfurt, Germany.

In addition, Bosch intends to acquire from the Eriksen Group and related investors more than 60 percent of the shares in Johanna Solar Technology GmbH, Brandenburg an der Havel, Germany, in which Aleo also holds a roughly 17 percent stake.

“With this acquisition, we are boosting our position in photovoltaics and renewable energies. Together with the management and associates of Aleo and Johanna, and in combination with the team at our subsidiary Ersol, we see good opportunities to expand significantly in this promising field,” said Dr. Siegfried Dais, deputy chairman of the Bosch board of management with responsibility for the Solar Energy division.

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