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Full-year 2009 revenue rose 17%1 to €399.4 million
2009 adjusted EBITDA increased 42%1 to reach €85 million
Adjusted net profit also up 42%1 to €42.2 million in 2009
Company positioning itself to benefit from growth in market for renewable energies and its development of applications to enable the smart grid
2010 to be a transitional year, with results reflecting late-cycle position within the value chain
Leading indicators supporting definitive recovery in polysilicon demand for solar energy needs
AEG Power Solutions, a global player in industrial power electronics, strengthens its position as a solutions provider for megawatt utility-scale photovoltaic (PV) power plants with the purchase of a majority stake in skytron energy. Founded in 1996, Berlin-based skytron provides leading-edge metering, monitoring and supervision solutions to companies in engineering, procurement and construction (EPCs), as well as to independent power producers (IPPs).
“Balancing continuing demands for greater and more reliable computing capacity in a world facing ever-tightening regulation of carbon emissions and the challenge of controlling power costs is now a major concern for everyone involved in the Data Centre industry” says Michael Adams, Global Vice President, Data & IT, AEG Power Solutions.
Germany1 Acquisition Limited (“Germany1” Euronext: “GAL1 S”), the holding company of AEG Power Solutions announced today several corporate actions to clarify its status and further promote the development of the business.