Spire Corp., a global solar company providing capital equipment and turnkey manufacturing lines to produce PV modules, cells and wafers, has completed the sale of substantially all the assets of its Sun Simulator technology line to Eternal Sun USA LLC, a Dutch solar simulation technology developer.
Spire’s president and CEO, Rodger W. LaFavre, says that following this sale, the company can now effectively shift its focus to solar manufacturing and re-brand the company as such.
“With the divestiture of our Sun Simulator business to Eternal Sun, Spire is able to take steps to restructure the company to concentrate its efforts to pursue opportunities in its solar turnkey business,” LaFavre says. “The company will concentrate on improving its relationship with its vendors, and the company will re-brand its image to reflect its new focus toward solar manufacturing lines and away from the simulator business.”
Spire entered into the asset purchase agreement with Eternal Sun on Jan. 11. Mirus Capital Advisors served as the exclusive investment bank to Spire Corp.