First Solar Acquires Evolar AB

First Solar, Inc. acquired Evolar AB, a Sweden-based developer of perovskite and thin-film photovoltaics, to accelerate development of high-efficiency tandem PV technology. The deal includes approximately $38 million paid at closing plus up to $42 million in contingent milestone payments and brings roughly 30 Evolar R&D staff into First Solar while establishing First Solar's first European R&D facility in Uppsala.