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Home > News > Solar Thin Films agrees to acquire BudaSolar

April 9th, 2009

Solar Thin Films agrees to acquire BudaSolar

Abstract:
Solar Thin Films, Inc. and its subsidiary, KRAFT Elektronikai Zrt. of Budapest, Hungary, have agreed to acquire BudaSolar Technologies Co. Ltd., (Budapest, Hungary).

The acquisition will bring new process expertise to the combined company, as well as an enhanced customer pipeline.

Kraft is planning to acquire 100 percent of the share capital of BudaSolar and will issue to the BudaSolar Stockholders 49 percent of the share capital of Kraft. As a result, the company will own 51 percent of Kraft and the 51 percent owned Kraft subsidiary will, in turn, own 100 percent of the share capital of BudaSolar.

Source:
eetimes.eu

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