Midsummer named Sweden’s 19th fastest-growing technology firm

Midsummer AB of Järfälla, near Stockholm, Sweden – a provider of turnkey production lines as well as flexible, lightweight copper indium gallium diselenide (CIGS) thin-film solar panels for building-integrated photovoltaics (BIPV) – has been ranked 19th on the list of Sweden’s 50 fastest-growing technology companies in 2018, according to the Technology Sweden Fast 50 list of audit and consulting firm Deloitte, which lists the 50 fastest-growing technology companies in Sweden each year. With compound growth of 1072% over the last four years, Midsummer’s annual revenue was SEK115m ($12.8m; €11m) in 2017.

Deloitte’s Technology Fast 50 is based on criteria such as rapid growth, ownership of patented technology, major investments in technology research, and certain minimum levels of revenue and the number of years during which the business has been operating. Midsummer has been ranked on this growth list three times before: in 2011, 2012 and 2014. In 2012, Deloitte named Midsummer as the fastest-growing Technology and Cleantech Company in the entire Europe, Middle East & Africa (EMEA) region.

“Being included on these prestigious lists shows that our investment in research and development is on the right track,” says CEO Sven Lindström. “Our goal is for our technology to remain market leading in the segment of lightweight, flexible solar panels, and for the company to grow at least as fast at the entire rapidly expanding segment,” he adds. “With lightweight, flexible solar panels, we create a solar energy market that was previously unavailable and where we will be the world’s leading supplier.” Midsummer claims that its DUO system is the world’s most widely distributed manufacturing tool for flexible CIGS solar cells.

Tags: CIGS Thin-film PV

Visit: www.midsummer.se