Elkem ASA is set to acquire REC Solar Norway AS from Reliance Industries, gaining control of industrial areas in Kristiansand and Herøya. The deal includes facilities near Elkem’s Fiskaa site, enhancing local synergies and supporting product optimization. Elkem aims to explore new opportunities, diverging from REC Solar Norway’s previous business model. The acquisition won’t impact REC Solar Norway’s downsizing initiative.
Elkem ASA expands portfolio with REC Solar Norway acquisition
The completion of the transaction is contingent on obtaining necessary approvals, including approval from the Norwegian Competition Authority. Image Credit Elkem .
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