Day4 acquisition launches turn-key PV capability
ACI-ecotec’s new building in Zimmern, Germany.
BURNABY, BC: Day4 Energy Inc. has entered into an agreement in principle to acquire a German designer and manufacturer of photovoltaic equipment in an $8-million deal that will provide it with a turn-key offering for the manufacture of photovoltaic (PV) cells and modules.
Day4, a Burnaby, BC developer and manufacturer of high-performance solar panels and systems, is acquiring, subject to approvals, ACI-ecotec GmbH & Co. KG located in Zimmern, near Stuttgart, Germany, in an all-stock transaction.
ACI-ecotec GmbH & Co. KG produces and integrates state-of-the-art production automation and process equipment for the photovoltaic industry. This includes precision robotic work-cells and turn-key production lines for assembly, micro-assembly, measurement and testing, for the production of photovoltaic wafers cells and modules.
Day4 said it will apply ACI’s specialized know-how and equipment to offer turn-key manufacturing systems for the production of PV cells and PV modules in a number of key markets.
“Technology and market development has been the focal point of our strategy since the company was founded in 2001,” said George Rubin, president of Day4. “Over the last three years we have completed the industrial scale-up of our proprietary manufacturing process. We have also built a strong track record of superior field performance and quality behind the Day4 product brand. We have taken the next step towards making this next generation technology platform available to partners across the industry.”