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November 25, 2007
Applied Materials Buy Italian Solar Cell Equipment Maker for €225M
Applied Materials has announced its second acquisition of a European solar cell processing equipment manufacturer. The US-based semiconductor equipment manufacturer said it is to acquire Baccini S.p.A., a supplier of equipment used in the manufacture of crystalline silicon photovoltaic wafers for €225 million (about $330M at today's currency exchange rates).
Founded way back in 1967 in Treviso, Italy, Baccini’s photovoltaic product line enables manufacturers to minimize the use of silicon material, which now represents more than 60% of solar cell manufacturing cost, the firm said in a statement. The Italian venture is led by founder Gisulfo Baccini.
In June of ths year we reported that Applied also bought a Swiss wafer slicing technology company for $475M. And according to Tech Confidential Behind the Money Blog it bought US based Applied Films Corp., a supplier of equipment for manufacturing flat-panel displays and solar cells last year.
Read - Applied Materials News
Read- Applied Materials takes Italy's Baccini
Posted on November 25, 2007 07:16 PM | Posted to News And Updates | Permalink
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