Announced
Financials
Sources
Tags
Single Bidder
Pending
energy solutions
Friendly
Digital Services
digital solutions
Cross Border
modular cloud energy
Acquisition
Majority
Germany
Private
Synopsis
Hanwha Q CELLS, a major manufacturer of photovoltaic solar cells, agreed to acquire a 66% stake in Lynqtech, a German energy trading service company, from enercity, Germany's largest energy provider. Financial terms were not disclosed. The goal is to expand its business portfolio from manufacturing solar energy panels and modules to software-powered services, according to Hanwha Q Cells.
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