Senersun, a fast-growing manufacturer of premium quality solar panels, announces that it has entered into an agreement to acquire stake in Shinew Photoelectronic Technology. Headquartered in France, Senersun further increases its manufacturing capacity through this integration.
This strategic acquisition will increase Senersun’s production capacity, a necessary step to meet the surging demand coming from the company’s customers. Despite this year’s poor global demand for PV modules, Senersun has been growing steadily over the year.
Shinew Photoelectronic Technology was selected by Senersun after a several-month due diligence process and based on several key criteria such as established manufacturing base, compliance with the highest quality standards such as STS certification and track record, cost competitiveness, financial strengths, management team’s experience and environmental soundness. The high standards that Shinew has recorded over the past years will continue to bring Senersun the 100% quality level that made it the most reliable PV manufacturer in the industry.
Alexandre Minuzzo, CEO of Senersun, commented this announcement: “This first acquisition is a new milestone for Senersun, as it engages the company into an expansion program that will make Senersun a leader in the industry, thanks to uniqueness in products quality and standards. Few producers are able today to meet Senersun’s stringent requirements, and we are happy to have successfully worked with Shinew for several months and seen outperforming results. This manufacturing base will make Senersun ready for next year’s large demand for our products, as we expect to quickly ramp up on-site capacity. This integration is the result of both companies focused and comprehensive work over the past several months towards a common target: to deliver the most reliable products in the industry at competitive conditions.”