Suntech expands overseas presence by acquiring German plant

BEIJING, April 22 (Xinhua) ? China?s leading photovoltaic cells and modules producer Suntech Power Co., Ltd. (STP. NYSE) has acquired a Germany-based manufacturer Kuttler, a Deloitte source was quoted by Shanghai Securities Journal as saying.

It is said that Suntech and Kullter will co-establish a new large- scale plant in Germany, taking advantage of the latter?s production facilities and R&D talents.

Financial terms of the deal are unknown by far.

As early as 2006, Suntech acquired Japan?s largest photovoltaic device producer MSK Corporation.