The acquisition executes by SCP Solar GmbH, a newly formed subsidiary of SAS, joint venture by solar cell factory Sunrise Global Solar Energy, Japan ‎Choshu Industry Co.,LTD. and Pan Asia Solar, SAS held 50% of the shares.

According to the agreement, SAS will acquire aleo’s module factory in Prenzlau , include production capacity of 280MW, plant, equipment, raw materials, Italian subsidiary, and related patents and trademarks, and to undertake 200 employees of aleo

In addition, the transaction amount is only 200 million euros, SAS also receive nearly 900 million euros in assets, including 10 million euros in cash and 11.5 million euros operating subsidies.

But SAS said that the transaction is simply asset trading, SAS Group did not obtain equity firm, and therefore can not be recognized as revenue and profit, either to bear any liability of aleo.

Analysts pointed out that the EU's solar plant continued losses, many companies have withdrawn from the market or seek buyers, and SAS has "high-quality, low-cost" manufacturing advantage is the key to facilitate trading case.

Hsu Kuei-Chang , Chief Executive Officer & Founder of Sunrise Global Solar Energy, said that acquisition still requires review by antitrust authorities of EU , and approval of aleo’s shareholder representatives, the fastest completion date expected in May .

aleo founded in 2001 , is a listed company in Germany , the Bosch Group as its largest shareholder , the shareholding ratio was 90.7%. 2013 revenue of aleo is about 124.5 million euros, still a loss.