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5N Plus Receives Regulatory Approval to Acquire AZUR SPACE
5N Plus Receives Regulatory Approval to Acquire AZUR SPACE Canada NewsWire ...
About this update from 5n Plus Inc.
[{"type":"text","content":"\n \n \n \n 5N Plus Receives Regulatory Approval to Acquire 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.prntac{\nTEXT-ALIGN: CENTER\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 MONTREAL\n \n ,\n \n Oct. 27, 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 received the necessary approval from relevant regulatory agencies to acquire all of the issued and outstanding shares (the \"Transaction\") of\n \n AZUR SPACE Solar Power GmbH\n \n (\"AZUR\"). The Company expects the deal to close within the next few weeks.\n \n \n \"AZUR's acquisition is a key element of 5N Plus's strategic transformation toward critical material technology,\" said\n \n Arjang Roshan\n \n , President and Chief Executive Officer of 5N Plus. \"AZUR's cutting-edge space technology and exceptional talent firmly and uniquely positions our company as a leader in the field of specialty semiconductors and engineered substrates at a time when these technologies are of paramount importance.\"\n \n \n Located in Heilbronn,\n \n Germany\n \n , AZUR is a global leader in the development and manufacturing of multi-junction solar cells based on III-V compound semiconductor materials. With nearly 60 years of leadership in space solar cell manufacturing based on state-of-the-art semiconductor technology, AZUR has a proven track record of success supported by nearly 120 patent families and a team of highly skilled employees.\n \n \n \"We are very excited about AZUR and 5N Plus coming together,\" said Jürgen Heizmann, Managing Director of AZUR, who will join 5N Plus's Executive Committee pending closure. \"The long-standing trust and mutual respect between our businesses will ensure a successful integration, the results of which will unlock a well of untapped potential to serve rapidly scaling and essential markets.\"\n \n \n A...