Solar Thin Films Buys Hungary-Based Equipment Manufacturer

Solar Thin Films Inc., through its Kraft Elektronikai Zrt subsidiary, has signed a definitive agreement to acquire BudaSolar Technologies Co. Ltd., which designs and markets turnkey systems for the production of thin-film amorphous silicon solar modules.

‘Combining forces with BudaSolar is designed to advance our goal of becoming a leader in supplying cost-effective thin-film photovoltaic module manufacturing equipment and our transition from lower-margin equipment sales to higher-margin turnkey system sales,’ says Peter Lewis, CEO of Solar Thin Films.

SOURCE: Solar Thin Films

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