Midsummer named one of Sweden’s fastest-growing firms

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 named as one of Sweden’s 50 fastest-growing technology companies in 2018, according to Deloitte’s Technology Sweden Fast 50.

Audit and consulting firm Deloitte lists the 50 fastest-growing technology companies in Sweden each year. Midsummer topped the Fast 50 list in 2012, when it was also named the fastest-growing cleantech company in the EMEA (Europe, Middle East, Africa) region.

The 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.

Also, Sweden’s biggest daily financial newspaper Dagens Industri has included Midsummer in its 2018 list of ‘Gasells’ (Gazelles) for being one of Sweden’s fastest-growing companies. To be appointed a Gasell company, the firm must meet certain financial and growth criteria. Also, the Gazelle jury does an overall valuation of the company and weighs in additional parameters that indicate a healthy business.

The exact ranking on each of the two lists are only disclosed by the organizers later this autumn.

“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.”

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