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FREYR Battery completes acquisition of Trina Solar’s U.S. Manufacturing Assets to strengthen U.S. solar manufacturing footprint

Nov 06, 2024about 1 year ago

Acquiring Company

FREYR Battery

Acquired Company

Trina Solar Co Ltd

MassachusettsSemiconductorsBiomass EnergyRenewable EnergyOil And GasEnergy

Description

FREYR Battery, listed as FREY on NYSE, has announced the transformative acquisition of Trina Solar’s U.S. solar manufacturing assets. This acquisition will position FREYR as one of the leading solar manufacturing companies in the U.S., allowing it to execute a multi-phase strategic plan to establish a vertically integrated U.S. solar manufacturing footprint, including the construction of a 5GW solar cell manufacturing facility.

Company Information

Company

FREYR Battery

About

FREYR Battery

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed