SMA Solar Technology AG is a German holding company engaged in the solar technology sector. It develops, produces and sells inverters and monitoring systems for photovoltaic applications. The Company is active in four business segments. Medium Power Solutions develops, manufactures and distributes system technology for photovoltaic applications in the grid-tied and off-grid building and commercial field, including mainly the product groups Sunny Boy, Sunny Mini Central and Sunny Island. High Power Solutions develops, manufactures and distributes system technology for photovoltaic applications in the power plant sector, comprising Sunny Central. Railway Technology is responsible for development, production and distribution of power-electronic components for rail-bound traffic. Electronics Manufacturing produces electronic assemblies for Company�s other three segments and third parties. The Company has wholly owned subsidiaries in Germany, the United States and India, among others.