5N Plus in deal to acquire Germany's Azur Space Solar Power

Canada's 5N Plus Inc - a producer of minor metals, semiconductors and specialty chemicals - has entered into an agreement to acquire Azur Space Solar Power GmbH, the company said on Tuesday March 30.

Azur, located in Heilbronn, Germany, develops and manufactures multi-junction solar cells for space and terrestrial-concentrated photovoltaic applications. It has a workforce of 240 employees, which 5N Plus will fully integrate.

5N Plus will acquire all of Azur's issued and outstanding shares for an estimated €73-79 million ($86-93 million) subject to prevailing closing adjustments. This includes 6.5...


Cristina Belda

March 31, 2021

09:05 GMT