RENA Technologies has sold its China solar business to Productive Technologies Company Ltd., allowing RENA to concentrate on more profitable segments while enabling PDT to enhance its manufacturing capabilities in the Chinese solar market.

Target Company Information

RENA Technologies, established in 1993 and headquartered in Guetenbach, Germany, specializes in the manufacturing of equipment for wet-chemical surface treatment. With a strong commitment to innovation, RENA has established itself as a global leader in its field, catering to various industries such as semiconductors, batteries, renewable energy, medical technology, and additive manufacturing. Among its product offerings are advanced manufacturing solutions for the processing of solar cells, microchips, as well as precision equipment for treating dental implants and ophthalmic products.

Since being part of the Equistone Partners Europe portfolio in March 2019, RENA has undergone significant growth and expansion. This growth has been emphasized by strategic acquisitions, including HES (now RENA Austria), which specializes in the wet-chemical processing of 3D-printed metal components, and MEI (now RENA North America), focused on the semiconductor market. Despite the robust performance of its various business segments, the China solar business has gradually diminished in significance, prompting the decision for its sale to streamline operations and enhance overall strategic focus.

Industry Overview in China

China is recognized globally as a leading market for renewable energy, particularly in the solar sector. Historically, the country has made substantial investments in solar power infrastructure, aiming to reduce its reliance on coal and enhanc