Oldenburg, Prenzlau, Denver, 13 September 2013. aleo solar AG [ISIN:DE000A0JM634] will withdraw from business in the USA and has decided to dissolve its subsidiary aleo solar North America Inc. in Denver. The move was triggered by the fact that despite a year-on-year increase in sales, the US operation had failed to meet recent sales targets and was not operating profitably.
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The Company
aleo solar AG produces and distributes premium solar modules and systems for the international photovoltaic market. Since 2009, the Bosch Group has owned a majority of the company (DE000A0JM634), which was originally founded in 2001 and has been listed on the stock exchange since 2006. The premium manufacturer currently has approximately 850 employees and is represented in the key photovoltaic markets in Europe. The aleo solar group has an annual production capacity of 280 megawatts at its plant in Prenzlau, Germany. The company generated a turnover of € 279.9 million in 2012.
