Belectric advised that the deal to acquire Konarka Technologies has been completed, with an agreement reached between the two companies. Konarka Technologies applied for insolvency earlier this year and began negotiations with several investors. Alexander Kubusch, preliminary insolvency administrator from Curator, commented, “…our talks have now reached a successful conclusion. Of the many interested parties, we ultimately opted for Belectric Holding, because this company not only offered an ideal solution to the issue of business operations but also went a long way toward upholding the interests of creditors.”