Ayala buys controlling stake in flexible module firm Merlin Solar

摘要

Ayala Corporation, part of Filipino conglomerate Ayala Group, has acquired a controlling stake in Silicon Valley-based firm Merlin Solar Technologies, which produces flexible, mobile and wearable crystalline silicon solar modules. ACI Solar Holdings, a subsidiary of AC Industrial Technology Holdings, which is itself a wholly owned subsidiary of Ayala Corp, carried out the transaction for a 78.2% stake, having originally made a minority investment in Merlin Solar back in 2016.