Saint-Gobain bets on Swiss solar modules maker Megasol

• Compagnie de Saint-Gobain SA (EPA: SGO) has taken a minority stake in a unit of Swiss solar modules as well as placing systems manufacturer Megasol as part of a tactical partnership focused on broadening the French structure products manufacturer's photovoltaic (PV) facade remedies supplying.

Saint-Gobain purchased Megasol's business unit that creates and also produces building-integrated photovoltaics (BIPV) at its site in Deitingen, Switzerland. These facade systems give high performance and also a decreased carbon impact thanks to less personified carbon and also lower energy demands for a building being used, a news release said on Wednesday.

The wager was aligned with the French firm's "Grow & Impact" plan to enhance its position in light as well as sustainable building and construction, according to journalism statement. The dimension of the financial investment remained undisclosed.

Megasol makes photovoltaic or pv modules, offering coloured and also tailor-maked solar facades as well as solar floor tiles as well as solar roof covering systems. The business utilizes 140 individuals in Switzerland and is present in 18 nations. The financial investment by Saint-Gobain offers Megasol access to the French firm's customer base.