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Acquisition value of Q.CELLS is €40 million
August 30, 2012
By: DAVID SAVASTANO
Editor, Ink World Magazine
Hanwha Group becomes the third largest solar cell manufacturer in the world through the successful acquisition of German solar company Q-Cells. On Aug. 29, Hanwha Chemical, through its subsidiary Hanwha Solar Germany GmbH, finalized the deal with Q-Cells to acquire their German headquarters, production facilities in Germany and Malaysia and sales offices in U.S., Australia and Japan. With this deal, Hanwha Group is to obtain Q-Cells’ headquarter office, cell and module production facilitie...
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