Valoe Acquired Solar Cell Production in Lithuania

RELEASE 19.2.2019:  Starts its own IBC cell production

Valoe has acquired from Lithuanian Global BOD Group SIA the solar cell production business of Solitek. Valoe┬┤s objective is to modify the plant located in Vilnius for production of Interdigitated Back Contact (IBC) cells. The first production celle are estimated to be manufactured inthe second half of 2019.

"This deal is the most important step for Valoe to meet its strategic goals."
says Iikka Savisalo, CEO of Valoe Oyj.

Picture: Vidmantas Janulevicius, the Chairman of the Board of Global BD Group and Hannu Savisalo, Chairman of the Board of Valoe Oyj