5N Plus to Acquire AZUR SPACE from Renewable Investments for c.€79m.

5N Plus, a global producer of specialty semiconductors and performance materials, agreed to acquire AZUR SPACE, a global company in development and production of multi-junction solar cells for space PV and terrestrial CPV applications, from Renewable Investments for c.€79m ($93m). "This acquisition is the foundation of a strategic transformation that will unlock notable market potential. AZUR and 5N Plus complement each other, and our integration will culminate in a sustainable supply chain which will ensure the competitiveness and security of supply for our customers and government agencies. Moreover, the combined value chain will serve as a gateway to new businesses with significantly larger total addressable market. We deem AZUR's activities in Heilbronn, Germany, along with those of 5N Plus in St. George, Utah, and Montreal, Québec, as essential to this plan. We are eager to welcome our new colleagues and collaboratively embark on this new journey," Arjang Roshan, 5N Plus President and CEO.