5N Plus completes acquisition of AZUR SPACE
by CM Staff
AZUR is a manufacturer of multi-junction solar cells based on III-V compound semiconductor materials.
MONTREAL— a global producer of specialty semiconductors and performance materials, announced that it has acquired all of the issued and outstanding shares of AZUR SPACE Solar Power GmbH.
“AZUR’s acquisition is the linchpin of our strategic transformation toward critical material technology, and we are thrilled to close this significant deal,” said Arjang Roshan, President and Chief Executive Officer of 5N Plus, in a company statement.
“Our combined pool of talent and AZUR’s cutting-edge space technology are key enablers for our entry into the larger markets within the field of specialty semiconductor substrates.”
Regulatory authorities conducted a review to vet 5N Plus as an appropriate acquirer. In alignment with the company’s growth strategy, this transaction will enable 5N Plus to expand its product portfolio within specialty semiconductors and position the company to benefit from potential growth linked to several industries that rely on advanced compound semiconductors in the future.
Located in Heilbronn, Germany, AZUR is a manufacturer of multi-junction solar cells based on III-V compound semiconductor materials. AZUR is supported by nearly 120 patent families.