Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
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.

CommunicationsenergyNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.