Meyer Burger Technology Ltd (SWX Swiss Exchange: MBTN) has announced that the majority stake of 51 % of the share capital in AMB Apparate und Maschinenbau GmbH with headquartes in Langweid, Germany, has been increased to 100% through an early exercising of the call option on the remaining 49 % participation in the share capital of AMB Apparate + Maschinenbau GmbH (stipulated in the purchase contract of 10 January 2008).
The complete acquisiton of AMB underlines the strategy of Meyer Burger, to become an active worldwide leading Technolgy Group in the solar industry.
The purchase contract has been completed as of 20 November 2009. The parties have agreed to observe secrecy about the purchase price.
For further information please contact:
Werner Buchholz, Head of Group Communications
+41 33 439 05 06, w.buchholz@meyerburger.ch
About Meyer Burger Technology Ltd
www.meyerburger.ch
Meyer Burger Technology Ltd is a leading and globally active technology group for innovative systems and processes for cutting and handling crystalline and other high-grade materials.
The machines, competences and technologies of the different companies in the group are used in the solar industry (photovoltaics), semi-conductor and optical industry. The thinnest wafers made from silicon, sapphire or other crystals are required in these three markets to manufacture solar modules, switching circuits or high-performance LEDs. The group’s core competences are made up of a whole range of production processes, machines and systems that are used within the value chain in the manufacture of high quality wafers. The comprehensive range of products is complemented by a worldwide service network with wear and tear parts, consumables, re-grooving service, process know-how, servicing, after-sales service, training and other services. As a globally active company, the group is represented in Europe, Asia and North America in the respective key markets.
Meyer Burger has its headquarters and the production facility of Meyer Burger Ltd in Switzerland. The group companies, Meyer Burger Automation GmbH, Hennecke Systems GmbH and AMB Apparate + Maschinenbau GmbH, have their headquarters and production facilities in Germany. The recently acquired Group Member Diamond Technolgoies Inc., has its headquarters in Colorado Springs, CO, USA.The group also has subsidiaries and own service centres in Germany, Norway, China and Japan, which all are represented by its own staff on-site. In Taiwan and the USA, Meyer Burger works with independent sales and service partners that are part of Meyer Burger’s global service network. In other important countries the company relies on selected independent agents. Meyer Burger achieved net sales of CHF 213.4 million in the first half of 2009 and employed 635 staff worldwide as of 30 June 2009.
Press Release, PDF, 62KB
