Announced

Hanwha Q CELLS to acquire a 66% stake in Lynqtech from enercity.

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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