Hanergy Holding Group Ltd. (Hanergy) has acquired Global Solar Energy, Inc. (Global Solar) from Mithril GmbH, a German family office representing 100% of the shareholders, for an undisclosed consideration.
Founded in 1996, Global Solar is a pioneer of the solar industry. The company is the world leading manufacturer for the full-scale production of CIGS (Copper Indium Gallium diSelenide) light-weight, durable, high efficiency solar products consisting of flexible cells, modules and integrated shingles. The company has a facility with an annual thin film production capacity of 40MW.
Hanergy Holding Group Ltd. is a multinational clean energy company as well as the world’s leading thin-film solar power company, committed to changing the world by clean power. Established in 1994, the company is headquartered in Beijing and has a total of 15,000 employees. It has branches in provinces all over China as well as in the Americas, Europe and the Middle East, Asia-Pacific, and Africa, with core businesses covering hydropower, wind power and thin-film solar power.
Oaklins' team in Shanghai acted as financial advisor to the seller in this transaction.
© 2019 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.