Post by
Grugar on Oct 19, 2021 3:00pm
Last step for Azur acquisition
Strategic alignment with AZUR acquisition While 5N Plus has organically expanded its II-VI semiconductor value-chain, its III-V semiconductor value-chain has required a combination of organic growth initiatives and strategic investments. The Company is in the last stage of the regulatory approval process to acquire AZUR SPACE Solar Power GmbH (“AZUR”). This acquisition is expected to be transformational for 5N Plus. AZUR brings established businesses within III-V semiconductor materials which are complementary to 5N Plus’s current activities. This, in combination with 5N Plus’s expanding business in II-VI semiconductor materials, serve as a unique source of competitive distinction and a substantial catalyst for future growth. The synergies of AZUR and 5N Plus will result in a higher total addressable market beyond space and enable entry into larger markets such as high-power electronics, electrification, advanced communication and other areas within the security market