SMA shares jumped 7.41% to €44.42 by 1030 on Wednesday in Frankfurt in a declining overall market.

“The strategic alliance with Danfoss strengthens SMA’sleading position in the global photovoltaic market,” says SMA chief executive Pierre-Pascal Urbon, adding that in ahighly competitive market environment, SMA will benefit from Danfoss’ years ofexperience with automated drives.

“By establishing a close co-operation there is significantpotential to improve the cost position in both companies.”

Danfoss’