BERLIN, March 29 (Reuters) - SMA Solar, the world’s largest maker of solar inverters, said it agreed to sell unit SMA Railway Technology to Chinese railway technology group Beijing Dinghan Technology, which will have a positive impact on its first-quarter earnings.
The two parties have agreed not to disclose the deal price, SMA Solar said in a statement on Wednesday.
The sale will have a positive impact on earnings in the first quarter, SMA Solar said, predicting earnings before interest, tax, depreciation and amortisation of 15-18 million euros ($16-$19 million).
It confirmed its full-year targets.
$1 = 0.9252 euros Reporting by Victoria Bryan; Editing by Sherry Jacob-Phillips