Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
Email Facebook Twitter Google+ LinkedIn Comments

Emcore Acquires Tecstar's Applied Solar Division
Mar 2002
SOMERSET, N.J., March 18 -- Emcore Corp. has completed the acquisition of the Applied Solar Div. of Tecstar Inc. Emcore said the acquisition will help it penetrate the satellite communications sector and enable the company to provide satellite manufacturers with proven integrated satellite power solutions that considerably improve satellite economics.

Under the terms of the acquisition, which was completed on March 13, Emcore paid approximately $20 million for Tecstar's Applied Solar Div., with additional financing for forgiveness of a debtor-in-possession loan, making the total purchase consideration approximately $21 million. In 2001, Tecstar had revenues of approximately $23 million.

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.