MEMC Electronic Materials just announced that it has completed its acquisition of Solaicx. MEMC paid $66 million cash for the company, plus roughly $1o million to equal recent investments by Soaicx security holders.

====> Click Here For Your FREE MEMC Electronic Materials Analysis

In a press release, Ken Hannah, President of MEMC Solar Materials, commented on the news:

“We are delighted to complete this acquisition and to welcome the employees of Solaicx. The acquisition brings to MEMC talented people and cost-effective, proprietary process and equipment that expand our served market in the solar industry.”