Solar Thin Films is in the final stages of acquisition of 100% ownership of Hungary-based BudaSolar, which develops thin film solar module manufacturing technologies, alongwith Building Integrated Photovoltaics (BIPV), related equipment, and components of turn-key production lines and associated computer software.
Both the companies have agreed on a five year earn out arrangement and they expect the agreement to be decided within the next couple of weeks.
Solar Thin Films, through its subsidiary Kraft Elecktronikai, develops, manufactures and markets a complete line of manufacturing equipment for the production of thin-film amorphous silicon PV modules.
