"In particular in the US and Europe interesting business opportunities arise currently through insolvencies and financially troubled project developers," SMA chief executive Pierre-Pascal Urbon says.
"Therefore we plan to use part of our cash reserves for the expansion of our service business."
Urbon didn't reveal which troubled companies he meant, but cash-strapped US project developing giant SunEdison in April has filed for creditor protection in the US under Chapter 11 rules and is on a global selling spree.
SMA
