ArcelorMittal Acquires Solar-Tracker Provider Exosun
January 04 2018 - 11:25AM
Dow Jones News
By Alberto Delclaux
ArcelorMittal (MT) said Thursday that it has acquired Exosun, a
provider of solar trackers, which orient solar-powered devices
toward the sun, after a court in Bordeaux, France cleared the
deal.
Exosun employs 43 workers and has completed more than 55
projects worldwide, ArcelorMittal said. It will be integrated into
the steelmaker's projects unit, which develops energy and
construction-infrastructure projects.
ArcelorMittal has already made headway in the market for solar
energy through the production of metal structures for solar
parks.
Financial details of the deal were not disclosed.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
January 04, 2018 11:10 ET (16:10 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Arcelor Mittal (NYSE:MT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Arcelor Mittal (NYSE:MT)
Historical Stock Chart
From Apr 2023 to Apr 2024