Trans-India Acquisition Buys Stake In Solar Semiconductor

Posted by SI Staff on October 29, 2008 No Comments
Categories : FYI

Trans-India Acquisition Corp. has entered into a definitive agreement to acquire at least 80% of privately held Solar Semiconductor Ltd., which designs, manufactures and sells solar photovoltaic modules.

Solar Semiconductor has manufacturing plants located in Hyderabad, India, with a current annual capacity for 75 MW of module production. The company is also nearing completion of a campus facility with a projected module capacity of 120 MW and cell capacity of 60 MW.

‘We are pleased to merge with Trans-India Acquisition, which will enable us to fuel our rapid growth and timely execute our business strategy,’ says Hari Surapaneni, president and CEO of Solar Semiconductor.

SOURCE: Solar Semiconductor

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