Bekaert Advanced Coatings and Soleras merge in thin-film partnership

Facebook
Twitter
LinkedIn
Reddit
Email

Private equity firm Element Partners has announced that it is to acquire both Bekaert Advanced Coatings (BAC) and Soleras Ltd, with the two companies merging to form Soleras Advanced Coatings.

BAC is the trade name of Bekaert’s industrial coatings division. Both it and the Maine-based Soleras develop equipment and rotatable targets for thin-film sputter deposition. The acquisition of BAC includes the division’s facilities in Belgium, China and Wisconsin, USA.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The headquarters of Soleras Advanced Coatings are to be located in Deinze, Belgium, with Maurice Murphy as its CEO. Mr Murphy was formerly CEO of PPC Insulators.

The new company will supply key hardware and material targets for the manufacture of thin-film PV modules, as well as for a variety of other industrial applications, including the production of displays for touch-screen devices.

“We are combining two world class companies with a range of complementary technologies to create the world’s leading manufacturer of rotatable targets and equipment,” commented Sujit Banerjee, managing director of Element Partners. “We are excited about the synergies of Soleras and Bekaert Advanced Coatings. We believe the combination of knowledge and technological expertise will improve the way we serve our customers.”

Read Next

September 16, 2025
Sunotec has launched Sunotec Nordic to spearhead solar and hybrid renewable project development across the Nordic region.
September 16, 2025
The SPPC has launched a request for qualifications for 5.3GW of new renewable power capacity, of which solar will account for 3.1GW.
September 16, 2025
Chinese polysilicon producer GCL-Tech has entered into a strategic financing agreement with Infini Capital, a globally renowned investment institution backed by a Middle Eastern sovereign wealth fund.
Premium
September 16, 2025
At RE+, industry leaders pointed to the resilience of the US solar sector, despite challenges brought by the 'One Big, Beautiful Bill' Act.
September 16, 2025
IB Solar is investing INR30 billion (US$340 million) in a 4GW TOPCon solar cell and module manufacturing plant in Jewar, Uttar Pradesh.
September 16, 2025
Two of the major European solar trade associations, the European Solar Manufacturing Council (ESMC) and SolarPower Europe (SPE), have called for EU policymakers to take measures supporting European solar manufacturing.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines