Meyer Burger Technology Ltd strengthens its sales and service organization in the United States and acquires through its fully owned subsidiary 3S Industries USA Inc. (new: MBT Systems Ltd.) by way of an asset purchase transaction the employees and assets of SGS Slicing Solutions Inc. and SGS Machine Tool LLC. Closing of the transaction is expected before the end of 2010. The parties agreed not to disclose the purchase price.
Meyer Burger Technology AG (SIX Swiss Exchange: MBTN) announced today that it will strengthen its sales and service organization in the United States. Based on an asset purchase agreement signed today, 3S Industries USA Inc. (new: MBT Systems Ltd.) acquires certain assets and takes over all of the employees of SGS Slicing Solutions Inc., Colombia, New Jersey, and der SGS Machine Tool LLC, Hillsboro, Oregon. Both sellers are longstanding strategic sales and service partner for Meyer Burger’s (MB Wafertec) saw systems and solutions. Furthermore, 3S Industries USA Inc., in Tucson, Arizona, changed its name to MBT Systems Ltd. and will act as the new sales and service company of the Meyer Burger Technology group in the United States.
Further Information
Werner Buchholz
Head of Corporate Communications
Tel +41 (0) 33 439 05 06
w.buchholz@meyerburger.ch
About Meyer Burger Technology Ltd
www.meyerburger.com
Meyer Burger 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 within the group are used in the solar industry (photovoltaics), semiconductor 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. Since the merger in January 2010 with 3S Industries Ltd, the worldwide leader in turnkey production lines and single equipment for the manufacturing of solar modules, the group also covers the entire value chain for solar module production and combines the key technologies of soldering, laminating and testing under one roof. Solar module manufacturers worldwide use the string soldering machines of Somont, the laminating lines of 3S and the testing technologies of Pasan, to produce solar modules whose performance, operating life and quality meet the highest demands. The group’s comprehensive range of products includes a worldwide service network with wear and tear parts, consumables, re-grooving services, 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, while the group companies, Meyer Burger Automation GmbH, Hennecke Systems GmbH and AMB Apparate + Maschinenbau GmbH have their headquarters and production facilities in Germany. Diamond Materials Tech, Inc. has its headquarters in Colorado Springs, CO, USA. The production facilities of 3S and Pasan are also located in Switzerland, while Somont is located in Germany. Meyer Burger Group has also subsidiaries and own service centres in Germany, Norway, Spain, USA, China, Japan, Singapore, South Korea and Taiwan. In other important markets, the company relies on selected independent agents. The registered shares of Meyer Burger Technology Ltd are listed on the SIX Swiss Exchange (Ticker: MBTN).
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