# 5N Plus to acquire AZUR SPACE Solar Power GmbH

5N Plus Inc. announced an agreement to acquire all shares of AZUR SPACE Solar Power GmbH, a German leader in multi-junction solar cells for space and terrestrial applications.

- Type: Acquisition
- Announced: 2021-03-30
- Where: Heilbronn, Germany, Germany
- Value: $90.5M (76.0M EUR)
- Status: announced
- Products: multi-junction solar cells
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [5N Plus](https://endata.com/companies/19611.md) (acquirer)
- [AZUR SPACE SOLAR POWER GmbH](https://endata.com/companies/26794.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/5n-plus-to-acquire-azur-space-896048379.html), 2021-03-30: "This acquisition is the foundation of a strategic transformation that will unlock notable market potential"
- [taiyangnews.info](https://taiyangnews.info/business/space-solar-cell-maker-azur-space-to-get-new-owners), 2021-04-15: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.