5N Plus ac­quires AM&M

Power Watch India - - DISPATCHES FINANCE -

Cana­dian spe­cialty metal pro­ducer, 5N Plus Inc. has re­port­edly com­pleted the ac­qui­si­tion of On­tario-based metal­lic pow­der pro­ducer, Ad­vanced Ma­chine and Ma­te­ri­als Inc. (AM&M). The com­pany pro­duces, among other things, mi­cron-size metal­lic pow­ders used in sev­eral elec­tronic mar­kets and cop­per-in­dium-gal­li­umdis­e­lenide (CIGS) pow­ders used for thin-film so­lar mod­ule pro­duc­tion. The com­pany did not re­veal the value of the trans­ac­tion and did not in­di­cate AM&M’s pro­duc­tion ca­pac­ity. In early April, 5N Plus ac­quired the re­main­ing 33 per cent stake in its Utah-based sub­sidiary Sy­larus Tech­nolo­gies LCC, a Ger­ma­nium wafer tech­nol­ogy com­pany spe­cial­iz­ing in epi-ready so­lu­tions for space power PV ap­pli­ca­tions. The com­pany was re­named 5N Plus Semi­con­duc­tors LLC. The fi­nan­cial terms of that trans­ac­tion were not dis­closed ei­ther.

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