News Article
BudaSolar Technologies Co., Ltd. To Be Acquired
Solar Thin Films, Inc. Is in the Final Stages of Negotiations
Solar Thin Films, Inc. has announced that it is in the final stages of its negotiations to acquire 100% ownership of BudaSolar Technologies Co., Ltd., a Hungary-based technology company that develops thin film solar module manufacturing technologies, including Building Integrated Photovoltaics (BIPV), related equipment, and critical components of turn-key production lines and associated computer software. The parties have agreed on a five year earn out arrangement and believe that their agreement will be finalized within thirty days.