FREYR Battery completes acquisition of Trina Solar’s U.S. Manufacturing Assets to strengthen U.S. solar manufacturing footprint
Nov 06, 2024•about 1 year ago
Acquiring Company
FREYR Battery
Acquired Company
Trina Solar Co Ltd
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.
M&A Insights
Based on deal dataIntegration 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