AREVA To Acquire Ausra

France-based energy company AREVA plans to acquire 100% of Ausra, a Mountain View, Calif.-headquartered provider of concentrated solar power (CSP) products for electricity generation and industrial steam production.

AREVA says this acquisition serves to launch its new global solar energy business. The company intends to add CSP to diversify its renewable energy portfolio. AREVA will leverage and reinforce Ausra's team, led by Dr. Robert E. Fishman. This team will operate out of Ausra's existing headquarters.

This acquisition is expected to close in the next few months, subject to customary regulatory approval.

SOURCES: AREVA, Ausra Inc.

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