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GT Solar Acquires Crystal Systems

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MERRIMACK, N.H., Aug. 9, 2010 — GT Solar International Inc. announced the acquisition of privately-held Crystal Systems Inc., a crystalline growth technology company that manufactures high-quality, large area sapphire substrates used in the LED, defense, medical and aerospace industries. Complimenting its silicon growth technologies, the acquisition is anticipated to allow GT Solar to quickly deliver products that leapfrog sapphire crystallization technology available from other suppliers, the company said. Under the terms of the agreement, the Salem, Mass.-based company was purchased for approximately $24...Read full article

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    Published: August 2010
    acquisitionsagreementAmericasBusinesscommon stockcrystal systemscrystallinecrystalline growthCrystalline Siliconcrystallizationdefenseearn-outenergygreen photonicsGT SolarGT Solar International Inc.ImagingindustrialLight SourcesphotovoltaicspolysiliconPVsapphiresiliconsolarsolar cellsLEDs

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