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APWR keeps right on moving and making news.

10:48 A-Power Energy to acquire japanese thin-film PV equipment maker EVATECH (11.38 +0.16)

Co announced that it has signed a definitive contract to acquire 100% of EVATECH. The total consideration is $49.9 million in cash. The transaction is expected to close by the end of November 2009. A-Power is to fund 55% of the transaction from the Company's internal financial resources. The balance, or 45%, will come from foreign-investment grants from various levels of the local government (20% from the Liaoning Provincial Government, 20% from the Shenyang Municipal Government, and the remaining 5% from the Hunan New District Government in Shenyang). "We expect EVATECH to begin revenue contribution in late 2010."