Midsummer named as one of Sweden’s 20 fastest growing technology companies
With a compound growth of 1,072 percent over four years, solar energy technology leader Midsummer clocks in at place 19 on the list of Sweden’s 50 fastest growing technology companies 2018, the Deloitte Technology Sweden Fast 50. Midsummer is a leading developer and supplier of advanced solar energy technology solutions for the production and installation of thin film solar panels.
This year, Midsummer has yet again been named as one of Sweden’s 50 fastest growing technology companies. Deloitte, one of the world’s leading audit and consulting companies, nominates the 50 fastest growing technology companies in Sweden each year. The solar energy technology company Midsummer picked spot 19 with a growth increase of 1,072 percent over the last four years and a turnover of MSEK 115 [USD 12.8M; EUR 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. Solar energy technology company Midsummerhas been ranked on this growth list three times earlier, in 2011, 2012 and 2014. Deloitte named Midsummer as the fastest growing Technology and Cleantech Company in the entire EMEA region in 2012 (Europe, Middle East, Africa).
“Being included on this prestigious list shows that our investment in research and development is on the right track,” said Sven Lindström, CEO, Midsummer. “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 as this entire rapidly expanding segment. 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 is a leading developer and supplier of advanced solar energy solutions for the production and installation of thin film solar cells and also a leading Swedish growth and export company. The unique DUO system has taken the position as the most widely distributed manufacturing tool for flexible CIGS solar cells in the world.