Zvolte jinou zemi/oblast pro přístup k obsahu pro vaši lokalitu.
13.07.2015 - Corporate

Meyer Burger subsidiary Muegge GmbH acquires microwave technology specialist Gerling Applied Engineering, Inc .

 

 

Meyer Burger subsidiary Muegge GmbH acquires microwave technology specialist Gerling Applied Engineering, Inc.

 

Muegge GmbH, an international manufacturer and supplier of industrial heating microwave and plasma systems, has acquired 100% of the shares of Modesto, California based Gerling Applied Engineering, Inc. (GAE)

 

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced that its subsidiary, Muegge GmbH, which is headquartered in Reichelsheim, Germany, has acquired 100% of the shares of the microwave technology specialist Gerling Applied Engineering, Inc. Muegge purchased the shares from the managing partner and founder of Gerling Applied Engineering, John F. Gerling, who will continue in his role as company Vice President to manage the company’s operation business. In the 2014 financial year, GAE generated sales of around USD 2 million.

 

'The acquisition of GAE enables us to offer a complete standardised product line across the entire field of industrial microwave and plasma systems in the USA. It therefore provides us with a decisive competitive advantage while extending our footprint and increasing our share of the worldwide market in industrial microwave technology and in the production of complete industrial systems,' commented Dr Klaus Baumgärtner, CEO of Muegge GmbH.

 

'We have worked closely together with Muegge GmbH and we are excited about the huge potential resulting from this transaction. Intensifying this cooperation by pooling the two companies’ extensive expertise will provide a basis for the growth of market share and ongoing enhancement of our products for the microwave and plasma industry in the USA and beyond. This will enable us to meet customers’ requirements even more closely in the future', commented John F. Gerling, the founder and President of Gerling Applied Engineering, Inc.

 

Meyer Burger will include GAE in the scope of the consolidation retrospectively as of July 1, 2015. The parties have agreed to maintain confidentiality concerning the purchase price.

 

 

For further information:

Product inquiries:
Dr Klaus-Martin Baumgaertner
Muegge GmbH
Tel: +49 (0)6164-9307-0
info@muegge.de

 

Media and press inquiries:
Werner Buchholz
Meyer Burger Technology Ltd
Corporate Communications
Tel +41 (0)33 221 25 06
werner.buchholz@meyerburger.com

  

About Meyer Burger Technology Ltd

www.meyerburger.com


Meyer Burger is a leading global technology company specialising on innovative systems and processes based on semiconductor technologies. The company's focus is on photovoltaics (solar industry) while its competencies and technologies also cover important areas of the semiconductor and the optoelectronic industries as well as other selected high-end markets based on semiconductor materials. The company currently employs more than 1,700 people across three continents. Over the past ten years, Meyer Burger has risen to the forefront of the photovoltaic market and established itself as an international premium brand by offering superior precision products and innovative technologies.

 

Meyer Burger's offering in systems, production equipment and services along the photovoltaic value chain includes the manufacturing processes for wafers, solar cells, solar modules and solar systems. Meyer Burger provides substantial added value to its customers and clearly differentiates itself from its competitors by focusing on the entire value chain.

 

The company’s comprehensive product portfolio is complemented by a worldwide service network with spare parts, consumables, process know-how, customer support, after-sales services, training and other services. Meyer Burger is represented in Europe, Asia and North America in the respective key markets and has subsidiaries and own service centres in China, Germany, India, Japan, Korea, Malaysia, the Netherlands, Switzerland, Singapore, Taiwan and the USA. The company is also working intensively to develop new markets such as South America, Africa and the Arab region. The registered shares of Meyer Burger Technology Ltd are listed on the SIX Swiss Exchange (Ticker: MBTN).

 

About MUEGGE GmbH, Member of the Meyer Burger technology company
www.muegge.de

 

MUEGGE GmbH is a top international supplier in the field of industrial microwave and plasma technologies. Its portfolio includes microwave generators and components, including the corresponding power supply technology for various applications, such as industrial microwave heating, and especially plasma technology (Rapid Reactive Radicals Technology, R3T). The microwave systems produced by MUEGGE are used to generate plasma for semiconductor applications, in the areas of flat panel / OLED, MEMS, in the medical technology field, environmental technologies as well as in other industrial areas. MUEGGE GmbH is a member of Meyer Burger Technology Ltd.

 

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR, EXCHANGE OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF MEYER BURGER TECHNOLOGY LTD HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.

 

This press release may contain “forward-looking statements”, such as guidance, expectations, plans, intentions, or strategies regarding the future. These forward-looking statements are subject to risks and uncertainties. The reader is cautioned that actual future results may differ from those expressed in or implied by the statements, which constitute projections of possible developments. All forward-looking statements included in this press release are based on data available to Meyer Burger Technology Ltd as of the date that this press release is published. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

 Commercial News, PDF, 101KB