REC Group to Join Forces With Norway-Based Elkem Group

OSLO, NORWAY–(Marketwired – May 13, 2015) – REC Group, the largest European supplier of solar panels worldwide, and the Norway-based Elkem Group announced today that the acquisition of REC has been concluded. The ambition of REC and Elkem, a world-leading producer of silicon among other businesses, is to establish a leading integrated photovoltaic (PV) player in a highly fragmented solar market. The management of both entities now look forward to starting the integration process.