Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

GT Solar Acquires Crystal Systems

Facebook Twitter LinkedIn Email Comments
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 million in cash, 5.4 million shares of GT Solar common stock and a $21 million cash earn-out. The earn-out provision is based on the attainment of certain financial and technical targets.

GT Solar provides polysilicon production technology, crystalline ingot growth systems and related photovoltaic manufacturing services for the solar industry.

For more information, visit: www.gtsolar.com 


Photonics.com
Aug 2010
acquisitionsagreementAmericasBusinesscommon stockcrystal systemscrystallinecrystalline growthCrystalline Siliconcrystallizationdefenseearn-outenergygreen photonicsGT SolarGT Solar International Inc.imagingindustriallight sourcesphotovoltaicpolysiliconPVsapphiresiliconsolarsolar cellsLEDs

Comments
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

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.