RENA Technologies has divested its China solar business to Productive Technologies Company Ltd. in a strategic move aimed at focusing on growth sectors worldwide.

Target Information

RENA Technologies ("RENA") is a specialized manufacturer of equipment for wet-chemical surface treatment, and it has been part of the Equistone Partners Europe portfolio since 2019. Founded in 1993 and headquartered in Guetenbach, Germany, RENA has established itself as a global leader in wet-chemical surface treatment. The company's extensive product range includes advanced manufacturing solutions critical to various technology sectors, such as semiconductors, renewable energy, medical technology, and additive manufacturing.

RENA's innovative offerings include equipment for the wet-chemical processing of solar cells, production systems for microchips, and reliable machines for the surface treatment of dental and ophthalmic products. Recently, RENA has opted to divest its solar business in China, marking a strategic repositioning in response to the evolving market dynamics and a refocus on its most significant growth areas.

Industry Overview in China

China’s solar industry has witnessed exponential growth in recent years, driven by government incentives and a rapid increase in domestic energy needs. As one of the largest producers of solar panels and related technolo