Siemens to Buy Solel Solar Systems for $418 Million | CleanTechies Blog

German industrial conglomerate Siemens AG has announced that it will buy solar thermal power company Solel Solar Systems Ltd. for $418 million.
Siemens will buy the Beit Shemesh, Israel-based company from Ecofin Ltd., a London-based investment company which had purchased a stake in Solel in January 2008 at a company value of $150 million.