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SOFTWARE (NON-INTERNET/MOBILE) | Scientific, Engineering Software
smre.it

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Founded Year

1999

Stage

Corporate Majority - P2P | IPO

About SMRE

SMRE provides integrated powertrain technology and electronics for electric vehicles. SMRE has three business units: e-mobility, automated production machines and telematics software. The company has more than fifteen years of experience developing end-to-end e-mobility solutions for electric and hybrid vehicles used in motorcycles, commercial vehicles and trucks.

SMRE Headquarter Location

Piazza Antonio Meucci, 1 Loc. Montecastelli

Umbertid, 06019,

Italy

+39 075 930 65 00

Latest SMRE News

SolarEdge Announces Closing of S.M.R.E. Spa Acquisition

Jan 25, 2019

Spa Acquisition January 25, 2019 09:00 AM Eastern Standard Time FREMONT, Calif. and UMBERTIDE, Italy--( BUSINESS WIRE )-- SolarEdge Technologies , Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today the closing of the previously announced acquisition of a majority stake (approximately 57%) of S.M.R.E. Spa (“SMRE”), a provider of innovative integrated powertrain technology and electronics for electric vehicles. “We are pleased to welcome SMRE to the SolarEdge family. We believe that our technological synergies combined with our complimentary areas of expertise will empower SolarEdge’s growing business group at a time when the world is undergoing a clean energy transformation and e-mobility revolution,” stated Guy Sella, CEO, Chairman and Founder of SolarEdge. The Company’s current aggregate investment to purchase the SMRE shares was increased from 51% to 57% totaling approximately $85 million, up from the expected $77 million, including transaction-related expenses. SolarEdge intends to purchase the remaining outstanding equity shares of SMRE that are currently listed on the Italian AIM (SMR.MI) over time through open-market purchases and otherwise, eventually resulting in SMRE becoming a wholly-owned subsidiary of SolarEdge. For the acquisition, Roth Capital acted as the financial advisor for MTI Holdings, a major shareholder of SMRE. About SolarEdge Technologies SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, and grid services solutions. SolarEdge is online at solaredge.com Contacts

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Expert Collections containing SMRE

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

SMRE is included in 1 Expert Collection, including Auto Tech.

A

Auto Tech

1,941 items

Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.

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