View Inc. Enters Definitive Agreement to Merge with CF Finance Acquisition Corp.
View Inc., a Silicon Valley-based smart window company, has entered into a
definitive merger agreement with CF Finance Acquisition Corp. II, a special purpose acquisition company sponsored by Cantor Fitzgerald. The combined company will be called View Inc. and will be publicly listed on the NASDAQ market following the close of the transaction.
View chairman and CEO Dr. Rao Mulpuri and CFO Vidul Prakash will continue to lead the company.
“Climate change and human health are two of the most important challenges and opportunities of our time, and View is well-positioned to use technology to drive change across the real estate industry. View has created groundbreaking products, covered by over 1,000 patents and built state of the art manufacturing operations in the United States,” says. Mulpuri. “As we become a public company and continue on our growth strategy, we are very excited to partner with Howard Lutnick and the team at Newmark, which will enable us to leverage their deep commercial real estate expertise.”
Howard Lutnick, chairperson and CEO of Cantor Fitzgerald, CF Finance Acquisition Corp. II and chairperson of Newmark Group, adds “View’s smart windows are a game changer that will revolutionize the real estate experience. Buildings will no longer need blinds and shades, which will enhance the experience of building occupants, substantially reduce energy usage, and improve space utilization. We are excited to be working with Rao and the team at View to not only help deliver the capital needed to further build out View’s capacity, but also leverage our real estate platforms to create awareness, scale and drive change across the real estate industry.”
The board of directors of both companies have unanimously approved the transaction. The transaction requires approval of the stockholders of CF Finance Acquisition Corp. II and View, and is subject to other customary closing conditions. It is expected to close in the first quarter of 2021.
Saint-Gobain Acquires Strikolith
Saint-Gobain has acquired Strikolith in the Netherlands, a company that specializes in the production of external insulation systems, interior finishings and renovation products and solutions. In 2019, Strikolith achieved sales of nearly $23.6 million. It employs about 50 people at one production site in the Netherlands.
The synergy of Strikolith with Saint-Gobain’s existing businesses enhances the group’s solution offerings, according to the company, and, allows it to strengthen its offering in external thermal insulation composite systems and in construction chemicals in the Netherlands. This will reinforce Saint-Gobain’s position in energy-efficient renovation in Europe, according to a company statement.
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