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With this step, the joint venture partners are reacting to the rapid growth of the Indian and Southeast Asian markets, as well as the increasing globalization within the industry and the associated investment opportunities. The aim of merging the activities of both companies under the umbrella of ib vogt GmbH is to better serve the requirements of dynamic markets in India and Asia in the future through resulting synergy effects.

"We are very optimistic with regard to developments in these regions and intend to further expand our position in the future. The bundling of forces now initiated will help us to increase our market presence and access to investment opportunities," says Anton Milner, CEO of ib vogt GmbH.

Deepak Verma, MD of nv vogt and future Regional Director of ib vogt India, says: "Both India and Southeast Asia have become regions of strategic importance for any global player in the solar industry and require a strong focus on the challenging requirements of each region. New segments and new opportunities are emerging every day. We are confident that we will be in an even stronger position to take advantage of these opportunities in the future with the now completed step and an increase in our resources and investments".

With immediate effect, the activities of ib vogt GmbH and nv vogt Singapore Pte. Ltd. in the Asian region will be bundled directly under the umbrella of the ib vogt brand. The companies plan to complete the formal acquisition of the joint venture founded in 2012 as a development platform for the Indian and Southeast Asian region in the 4th quarter of 2018.

Über die ib vogt GmbH

Established in 2002, ib vogt GmbH focuses on developing and delivering high-quality large-scale turnkey PV plants worldwide. As a manufacturer-independent integrated developer with a strong worldwide network of local development partners ib vogt provides high-quality turnkey PV plants, designed and engineered in Germany, to end investors internationally.

Since 2009 the family-owned company has realized plants with a total rated capacity of over 680 MWp worldwide.

The company creates business in more than 59 countries, operating internationally from its headquarters in Berlin, Germany and offices in UK, USA, Australia, Panama, Poland, Spain, India and South East Asia, as well as several joint ventures across Africa.

Firmenkontakt und Herausgeber der Meldung:

ib vogt GmbH
Helmholtzstr. 2-9
10587 Berlin
Telefon: +49 (30) 397440740
Telefax: +49 (30) 397440-10
http://www.ibvogt.com

Ansprechpartner:
Head of Communications & Marketing Torsten Bierdel
Pressekontakt
Telefon: +49 (30) 397440-740
Fax: +49 (30) 397440-10
E-Mail: Torsten.Bierdel@ibvogt.com
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