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New Deal


Announced

PTC to acquire the Chinese solar business of Equistone-backed RENA Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Friendly

China

Private

Single Bidder

Pending

solar solutions

Renewable Energy Equipment

Acquisition

Domestic

Majority

Synopsis

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Productive Technologies Company, a provider of productivity solutions to semiconductor and solar cell manufacturers, agreed to acquire the Chinese solar business of Equistone-backed RENA Technologies, a developer and manufacturer of wet chemical surface treatment equipment. Financial terms were not disclosed. “The sale to PDT will transfer the China solar business into the hands of a partner of many years standing that is perfectly positioned to further develop the company’s solar business in China. For our customers in China, RENA remains active in the areas of glass, wafering and semiconductors. In addition, we will continue to grow the solar business outside of China," Peter Schneidewind, RENA Technologies CEO.

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