The move, which will be finalised later this year, is part of a broader bid to cut costs, a statement said.

ECD, based in Rochester Hills, Michigan, makes building-integrated and rooftop photovoltaics.

The company will continue to manufacture solar cells at its Auburn Hills site.

Chief executive Mark Morelli says: "We are aggressively reducing our cost structure to operate more effectively in the highly competitive, global solar market.

"Through