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5N Plus to Acquire AZUR SPACE
5N Plus to Acquire AZUR SPACE Canada NewsWire Foundation of a strateg...
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[{"type":"text","content":"\n \n \n \n 5N Plus 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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Foundation of a strategic transformation enabling synergies and access to larger markets\n \n \n \n \n All amounts are expressed in euros.\n \n \n \n \n MONTREAL\n \n ,\n \n March 30, 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 entered into an agreement with\n \n AZUR SPACE Solar Power GmbH\n \n (\"AZUR\") pursuant to which 5N Plus would acquire all of the issued and outstanding shares of AZUR (the \"Transaction\"). The Transaction is subject to the customary closing conditions, including regulatory approvals. 5N Plus will fully integrate AZUR's workforce and will appoint Mr. Jürgen Heizmann, Managing Director of AZUR, as a member of 5N Plus's Executive Committee.\n \n \n \n \n \n \n \n \n \n Located in Heilbronn,\n \n Germany\n \n with a workforce of 240 employees, AZUR is a global leader in developing and manufacturing multi-junction solar cells for space and terrestrial concentrated photovoltaic (\"PV\") applications. 5N Plus is headquartered in\n \n Montreal\n \n and operates R&D, manufacturing and commercial centers in several locations in\n \n North America\n \n ,\n \n Asia\n \n and\n \n Europe\n \n , including three in\n \n Germany\n \n and one in\n \n Belgium\n \n . The Company is a leading supplier to the thin-film PV renewable energy industry and a notable supplier within the U.S. satellite supply chain. The integration of AZUR will not only expand the Company's position within renewable energy, but, through\n...