Siemens bought a majority stake in the company from London-based investment firm Ecofin and another major shareholder.
“With the acquisition of Solel, Siemens can now strengthen its market position in the promising business of solar thermal power plants," says Siemens president and chief executive Peter Löscher.
Solel Solar Systems is one of the world’s two leading suppliers of solar receivers, which are key components of parabolic trough power plants used for concentrated solar power (CSP) production.
