Optics.org
daily coverage of the optics & photonics industry and the markets that it serves
Featured Showcases
Photonics West Showcase
Press Releases
Menu
Press Release

EMCORE Announces Closing of Sale of its Space Photovoltaics Business to an Affiliate of Veritas Capital for $150 Million

Date Announced: 10 Dec 2014

ALHAMBRA, Calif., Dec. 10, 2014 (GLOBE NEWSWIRE) -- EMCORE Corporation (EMKR), a leading provider of compound semiconductor-based components and subsystems for the fiber optics market, today announced that it completed the previously announced sale of its Space Photovoltaics Business to SolAero Technologies Corp. (f/k/a Photon Acquisition Corporation), an affiliate of private equity firm Veritas Capital ("SolAero"). In connection with the closing of the transaction, EMCORE received $150 million in cash consideration, subject to a post-closing working capital adjustment.

Source: Emcore

Contact


www.emcore.com 

E-mail: via web site

Web Site: www.emcore.com

Commonlands Skyscraper Banner
© 2023 SPIE Europe
Top of Page