Renewable

July 28 (Renewables Now) - German investment firm MARNA Beteiligungen AG plans to take control of Swiss thin-film solar photovoltaic (PV) modules manufacturer Flisom Group, which operates a 40-MW factory in Hungary.

Founded in 2005 as a spin-off of the Swiss Federal Institute of Technology Zurich (ETH), Flisom opened its Hungarian production plant in 2020. The company relies on proprietary roll-to-roll manufacturing techniques to manufacture ultralight CIGS thin-film solar modules on flexible plastic film. Its panels can be mounted on rooftops and facades, and can be easily integrated into mobility applications. They are also suitable for highly specialised applications.

MARNA said in a statement it has entered into a term sheet with BD Vermoegensverwaltungs GmbH to acquire FL1 Holding GmbH through a capital increase in kind. The latter, in turn, has signed a deal for the acquisition of Zurich-based Flisom AG.

Simultaneously with the contribution of the Flisom Group, MARNA plans to undertake a cash capital increase by issuing subscription rights to its shareholders at EUR 3.00 (USD 3.05m) per new share. The company's authorised capital of about EUR 15 million will be used for the overall transaction, which, it warned, is “still highly uncertain.”

(EUR 1 = USD 1.015)

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