Events after the balance sheet date
In January 2017, DSM acquired the technology and other assets of “Sunshine” (Suzhou SunShine New Materials Technology Co., Ltd.), a manufacturer of a novel, high-performance solar photovoltaic (PV) backsheet based on co-extrusion technology. Through this acquisition, DSM will expand its product portfolio for the solar PV market to include polymer backsheets that protect PV solar cells. Sunshine currently has 44 employees and an annual production capacity of 10 million m2. The initial consideration amounted to €19 million and in addition earn-out payments, depending on future milestones, were included in the agreement reached.