SolarEdge is a global leader in smart energy. It announced today the entry into a definitive agreement to acquire S.M.R.E Spa (“SMRE”). Headquarter in Italy, SMRE provides innovative integrated powertrain technology and electronics for electric vehicles.
Foundation in 1999, SMRE has three business units. These are e-mobility, automation production machines and telematics software. The company has more than fifteen years of experience. It has developed end-to-end solutions for electric and hybrid vehicles used in motorcycles, commercial vehicles and trucks. So, these solutions include innovative high performance powertrains with e-motor, motor drive, gearbox, battery, BMS, chargers, Vehicle Control Unit and software for electric vehicles.
Governments and automotive manufacturers commit to the electrification of transportation. The global market for electric vehicles forecast by industry experts increases. Now, prediction is from about one million EVs in 2018 to approximately 20 million annually in 2030.
“SMRE is another step in executing our strategy of sustainable growth. It is addressing an additional fast growing and technologically efficient market. While, at the same time, it diversifies into new fields outside the solar arena,” stated Guy Sella, CEO, Chairman and Founder of SolarEdge. “SMRE’s innovative technology and experienceful, successful team provides SolarEdge with fast access to the high growing e-mobility market. We believe that combining SMRE’s experience and full powertrain technology with SolarEdge’s innovative power and battery technology, operational excellence and global reach, positions us to become a market leader in this important market.”
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