MiaSole Sold To Chinese Company Hanergy Holding Group

Posted by SI Staff on October 01, 2012 No Comments
Categories : New & Noteworthy

Hanergy Holding Group, a China-based renewable power provider, has entered a deal to purchase Santa Clara, Calif.-headquartered thin-film PV manufacturer MiaSole.

Citing documents sent to MiaSole shareholders, the San Francisco Chronicle reports that Hanergy will buy MiaSole for $30 million. The company will operate as a wholly owned subsidiary of Hanergy.

In August, MiaSole laid off most of its workers as part of a massive reorganization while it searched for a buyer. The new Hanergy deal is expected to add an unspecified number of employees in the U.S., according to the San Francisco Chronicle.

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