# OCI subsidiary acquires KACO New Energy operations

OCI Co.'s subsidiary OCI Power acquired operations from German solar power inverter firm KACO New Energy GmbH for about 7 billion won ($6.23 million) to expand its solar power business.

- Type: Acquisition
- Announced: 2019-01-17
- Where: Germany
- Value: $6.23M (7.00B KRW)
- Status: completed
- Products: PV inverters, power conditioning systems
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [OCI Co.](https://endata.com/companies/29854.md) (partner)
- [OCI Power](https://endata.com/companies/36743.md) (acquirer)
- [KACO New Energy](https://endata.com/companies/36744.md) (target)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/8657380), 2019-01-17: "The transaction will bring OCI an opportunity to provide a total solution, spanning PV inverter and power conditioning system beyond solar power generation."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.