Soitec completes acquisition of Altatech

Feb 02, 2012 The acquisition will provide Soitec access to specific equipment necessary to deliver its LED strategy. It will also support manufacturing ramp up of its new Plug&Sun stand-alone mini solar tracker system
 Soitec, a manufacturer of revolutionary semiconductor materials for electronic and energy industries, has successfully completed its acquisition of all of the outstanding shares composing the capital of Altatech Semiconductor S.A.

Altatech Semiconductor was a privately held French company located in Montbonnot-Saint-Martin near Grenoble, France. Altatech, created in 2004 by a group of semiconductor professionals, currently develops highly efficient, cost-effective technologies and equipments for new applications in emerging markets.

The final purchase price was set to € 15 million. The acquisition was financed partly in cash and partly using Soitec stock, purchased by BNP Paribas Exane on the market. This was completed under the share buy-back program approved by the shareholders during the combined ordinary and extraordinary meetings held on June 24, 2011. Selling shareholders are bound by certain holding requirements for the portion of the purchase price to be paid in Soitec stock.

Soitec’s products include substrates for microelectronics (most notably SOI : Silicon-on-Insulator) and concentrating photovoltaic systems (CPV). The company’s core technologies are Smart Cut, Smart Stacking and Concentrix, which is based on III-V multi-junction cell technology. Applications include consumer and mobile electronics, microelectronics-driven IT, telecommunications, automotive electronics, lighting products and solar power plants for large-scale utilities.

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