The deal, for an undisclosed sum, will see GSE become a wholly owned subsidiary of Hanergy.
Beijing-based Hanergy started as a hydropower developer and dam-builder, but has expanded aggressively into PV since the industry downturn.
In May, it took the unexpected step of acquiring London-based system-integrator Engensa.
“The acquisition of GSE closes the loop of Hanergy’s strategic consolidation of technologies that combine the competitive advantages of flexible thin-film PV modules and large scale production,” Hanergy chairman Li Hejun said in an online statement.
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