CIGS module manufacturer Flisom to be sold

Swiss manufacturer of flexible CIGS thin-film modules Flisom AG is expected to be taken over by Heidelberg, Germany-based investment company Marna Beteiligungen AG. According to its own announcement, Marna has agreed on a concept for this with BD Vermögensverwaltungs GmbH, according to which the latter will contribute the shares it owns in FL1 Holding GmbH by way of a non-cash capital increase. FL1 Holding in turn has signed a purchase agreement to acquire Flisom. However, the transaction, for which Marna intends to carry out a capital increase in kind and cash in a total amount of up to €15 million ($15.3 million), is still subject to »various conditions and is therefore still affected by a high degree of uncertainty.«
Flisom was established in 2005 as a spin-off of the Swiss Federal Institute of Technology Zurich (ETH Zurich) and specializes in a roll-to-roll production process for foil solar modules based on copper indium galium selenide (CIGS). Because of its advanced technology and unusually high efficiency of 20.4 percent for such modules, the company has attracted some attention, but has not yet been able to establish volume production. Since 2016, Flisom has been operating a pilot line with 15 megawatts of annual capacity, financed with participation from Swiss investors and Indian conglomerate Tata as the main investor. Meanwhile, capacity stands at 40 megawatts, according to Marna.

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