M&A Deal Summary

GT Advanced Technologies Acquires Confluence Solar

On August 24, 2011, GT Advanced Technologies acquired renewable energy company Confluence Solar for 60M USD

Acquisition Highlights
  • This is GT Advanced Technologies’ 1st transaction in the Renewable Energy sector.
  • This is GT Advanced Technologies’ largest (disclosed) transaction.
  • This is GT Advanced Technologies’ 2nd transaction in the United States.
  • This is GT Advanced Technologies’ 1st transaction in Missouri.

M&A Deal Summary
Date 2011-08-24
Target Confluence Solar
Sector Renewable Energy
Buyer(s) GT Advanced Technologies
Deal Type Add-on Acquisition
Deal Value 60M USD

Target

Confluence Solar

Hazelwood, Missouri, United States
Confluence Solar, Inc. is the developer of HiCz™, a continuously-fed Czochralski (CCz) growth technology, that enables the production of high efficiency monocrystalline solar ingots.

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Buyer(S) 1

Buyer

GT Advanced Technologies

Merrimack, New Hampshire, United States

website

Category Company
Founded 1994
Sector Semiconductors
Employees365
Revenue 299M USD (2013)
DESCRIPTION

GT Advanced Technologies manufactures SiC and sapphire materials for electric vehicles, high-power industrial motors, and telecom infrastructure applications. GT Advanced Technologies was founded in 1994 and is based in Merrimack, New Hampshire.

DEAL STATS #
Overall 2 of 4
Sector (Renewable Energy) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Missouri) 1 of 1
Country (United States) 2 of 4
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-30 Crystal Systems

Salem, Massachusetts, United States

Crystal Systems is a crystalline growth technology company that manufactures high-quality, large area sapphire substrates used in the LED, defense, medical and aerospace industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-14 Twin Creeks Technologies

San Jose, California, United States

Twin Creeks Technologies was founded in 2008. Headquartered in San Jose, California, the venture backed solar technology company has a portfolio of over 60 patent applications and operates engineering and manufacturing locations in San Jose, Danvers, Massachusetts, and Senatobia, Mississippi.

Buy -
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