Saint-Gobain Moves On Smart Glass Windows

Saint-Gobain recently announced it is to take control of Faribault-based (USA) Sage Electrochromics, in a deal that could accelerate sales of Sage's innovative "smart glass" windows. The company has said that it will buy the 50% of Sage it doesn't already own. The company bought half of Sage for US$80M in cash in 2010, and the two companies combined their electrochromic glass research, marketing and manufacturing efforts. Sage, which employs about 125 people, will become a subsidiary of Saint-Gobain, but will remain based in Faribault, where it is completing a US $150M factory.