Soitec Completes Acquisition of Altatech

Soitec (Bernin, France) said it has completed its acquisition of Altatech Semiconductor S.A. (Montbonnot, France), first announced on Dec. 23^rd.

The final purchase price was 15 million Euros, financed partly in cash and partly using Soitec stock, purchased by BNP Paribas Exane on the market under the share buy-back program approved by the shareholders in June 2011.

Soitec said the acquisition will ensure Soitec “strategic access to specific equipment necessary to deliver its light-emitting diode (LED) strategy as well as to support Soitec’s new Plug&Sun stand-alone mini solar tracker system manufacturing ramp up.”

Altatech was founded in 2004, and develops technologies and equipments for new applications in emerging markets.

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Tags: Altatech, LEDs, Soitec, solar

This entry was posted on Wednesday, February 1st, 2012 at 11:56 am and is filed under Top Stories. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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