French Sillia Energie bids for Bosch's solar modules site in Venissieux - report
Sep 19, 2013 - French photovoltaic (PV) modules maker Sillia Energie has placed an offer for the acquisition of the solar panels making plant of German Bosch in Venissieux, central France, AFP said, quoting trade union sources. Bosch had put up for sale the site, which employs 200, in March 2013, after confirming its decision to exit the solar energy business.
Another company, solar panels installation specialist ATB, had been interested in the plant, but the offer had been discarded due to the bidder's lack of expertise in production, trade union CFDT said. Sillia Energie is likely to take over only part of the staff and to launch a voluntary layoff plan for some 50 workers, according to the trade union.
Sillia Energie posts a revenue of some EUR 50 million (USD 67.7m) annually and employs 400. The company is 51%-owned by printed circuit board manufacturer Elvia PCB, 27% by bank Caisse d'Epargne de Bretagne and 15% by financial services group CIC. The rest is in the hands of minority shareholders.
Its production capacity stands at 50 MW, while that of Venissieux's plant is of 160 MW.