Applied Materials announced that it has acquired substantially all the assets of Advent Solar, with the idea to complement its portfolio of solar PV technologies and "enhance its leadership" in the c-Si equipment market.

Advent Solar has pioneered several innovations for producing c-Si cells and modules, including technology for streamlining module assembly processes and advanced efficiency device architectures.

After the close of the transaction, Advent Solar's assets will be integrated with Applied's Energy and Environmental Solutions Group. Financial details were not provided.