Meyer Burger's Technology and Product Centre in Hohenstein-Ernstthal, Roth & Rau AG, renamed Meyer Burger (Germany) AG
At the annual shareholders meeting of Roth & Rau AG, shareholders approved the proposal to rename Roth & Rau to Meyer Burger (Germany) AG. The renaming strengthens the Meyer Burger corporate brand presence and further streamlines internal collaboration and processes. As part of the ongoing focussing of its core competencies, Meyer Burger (Germany) AG will sell its subsidiary, Roth & Rau – Ortner GmbH to HAP Holding GmbH.
Meyer Burger Technology Ltd (SIX Swiss Exchange MBTN) today announced that following the approval by the shareholders of Roth & Rau AG in Hohenstein-Ernstthal (DE), Roth & Rau will be renamed Meyer Burger (Germany) AG with immediate effect. At the same time, Roth & Rau B.V. in Eindhoven (NL), a subsidiary of Meyer Burger (Germany) AG and a specialist in the development and provision of functional inkjet and plasma stripping and depositing systems for the manufacturing of high tech electronic systems, will be renamed Meyer Burger (Netherlands) B.V.
Meyer Burger continues to clearly position the company under the single Meyer Burger corporate brand and the renaming of both Roth & Rau AG and its subsidiary Roth & Rau B.V. is an important step in increasing the company’s distinctiveness and recognition in the global market. Internal processes, collaboration and communication will also be further streamlined and simplified under a single corporate brand.
Sale of Roth & Rau – Ortner GmbH
Meyer Burger (Germany) AG has entered into an agreement with HAP Holding GmbH (DE) to sell its subsidiary, Roth & Rau – Ortner GmbH, including its subsidiary Roth & Rau Ortner USA, Inc. for an undisclosed amount. Roth & Rau – Ortner is a global leader in the development and manufacture of factory automation products and solutions for high-tech industries. HAP Holding is a manufacturer of automation solutions and robotics and has a long standing supplier relationship with Roth & Rau – Ortner. The sale complements the HAP Holding product portfolio and maximizes synergies between both companies.
Contacts:
Werner Buchholz
Head of Corporate Communications
Phone: +41 33 221 25 06
werner.buchholz@meyerburger.com
Ingrid Carstensen
Corporate Communications
Phone +41 (0)33 221 28 34
ingrid.carstensen@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 about 1,600 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).
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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.
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