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5N Plus Completes Acquisition of AZUR SPACE
5N Plus Completes Acquisition of AZUR SPACE Canada NewsWire Acquisiti...
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[{"type":"text","content":"\n \n \n \n 5N Plus Completes Acquisition of AZUR SPACE\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Acquisition uniquely positions the Company as a supplier of critical specialty semiconductor products\n \n \n \n \n All amounts are expressed in Euros\n \n \n \n \n MONTREAL\n \n ,\n \n Nov. 8, 2021\n \n /CNW Telbec/ -\n \n 5N Plus Inc.\n \n (TSX: VNP) (\"5N Plus\" or the \"Company\"), a leading global producer of specialty semiconductors and performance materials, today announced that it has acquired all of the issued and outstanding shares (the \"Transaction\") of\n \n AZUR SPACE Solar Power GmbH\n \n (\"AZUR\").\n \n \n \"AZUR's acquisition is the linchpin of our strategic transformation toward critical material technology, and we are thrilled to close this significant deal,\" said\n \n Arjang Roshan\n \n , President and Chief Executive Officer of 5N Plus. \"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.\"\n \n \n Considering the strategic importance of AZUR and its advanced technologies, the relevant regulatory authorities conducted an exhaustive review to vet 5N Plus as an appropriate acquirer. This acquisition is the cornerstone of the Company's transition to advanced materials based on cutting edge technology. In alignment with the Company's growth strategy, this Transaction will enable 5N Plus to expand its product portfolio within specialty semiconductors and uniquely position the Company to benefit from potential growth linked to several critical industries that rely on advanced compound semiconductors in the future.\n \n \n Located in Heilb...