Global Solar Energy, Inc. has been acquired by Hanergy Holding Group Ltd.
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.
Oaklins HFG China
Calpam has been acquired by VARO Energy
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The closing of this transaction is anticipated to take place at the end of October 2019, subject to the approval of the Dutch competition authorities.
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