Dutch solar company Eternal Sun has announced the purchase of Spire Corporation's sun simulator technology division.
In acquiring these assets, Eternal Sun takes the next step in achieving its ambition to become the international leader in the development and testing of solar panels.
Eternal Sun was founded in 2011 by Chokri Mousaoui and Stefan Roest and is based in The Hague. The takeover is being funded through a capital injection from Eternal Sun's current investor, the Belgium family fund Vermec NV.
The two companies address different markets, and together are able to offer their products across the full supply chain. R&D institutions use Eternal Sun's patented solid state (continuous light) technology to emulate sunlight accurately with up to 98% accuracy, while the manufacturers use Spire's flash technology to provide quality assurance during manufacture.
In addition to this complementary technology, Eternal Sun believes it will benefit from the brand, market access and talent pool of the Spire employees related to the simulator business.
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