Armor and Opvius to merge
May 20, 2019
Armor and Opvius announced the signing of a Letter of Intent to merge Opvius development, integration and marketing activities for flexible organic photovoltaic films with those of Armor.
A major joint objective is to pool know-how in order to become the global benchmark company in flexible organic photovoltaic technology, according to Armor. The new entity would combine the French mid-market company Armor’s industrial production capacity for ASCA film (1 million m2 per annum) with the organic photovoltaic film integration experience of the German company Opvius, as demonstrated by its numerous application projects.
The two companies have set a deadline of July 2019 to negotiate the takeover.
“This Franco-German merger would unquestionably create the global market leader in flexible organic photovoltaic film. Armor has the largest production capacity in the technology and Opvius enjoys extensive experience integrating film within real applications. Lightweight, flexible and free of rare metals, the ASCA solar film opens up a whole array of innovative application possibilities. This is excellent news for the future of the solar energy sector”, explains Hubert de Boisredon, CEO of Armor.
This acquisition of Opvius will enable Armor to accelerate the roll-out of its organic photovoltaic film activity.
“We are faced with a unique opportunity: to combine on the one hand the Opvius’ unique “free-form” OPV manufacturing technology, along with its product integration know-how, with, on the other hand, the industrial power of Armor and its unequalled manufacturing capacity.” added Ralph Pätzold, CEO of OpviusGmbH. “Thanks to these complementary skills, the OPV activity will reach a higher level, thus readying it to increase its market shares by volume in the very near future.”
Categories : City News
Tags : ARMOR Merger Opvius Photovoltaic Film
