Closing of the sale of the Meyer Burger software business to S&T AG for CHF 14 million in cash

Closing of the sale of the Meyer Burger software business to S&T AG for CHF 14 million in cash

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today the closing of the sale of its subsidiary AIS Automation Dresden GmbH (Germany) to S&T AG in Linz (Austria). The two companies had signed a contract to this effect on October 24, 2019. S&T AG is taking over all business units of AIS as well as approximately 140 employees. The agreed purchase price is in the order of CHF 14 million in cash. Meyer Burger anticipates an accounting profit arising from the transaction of around CHF 2 million. This accounting profit arises net after a goodwill recycling charge of just under CHF 5 million.

Contact:

Jan Gregor

c/o Gregor Communications GmbH

Tel: +41 (0)33 221 24 02

jan.gregor@meyerburger.com

About Meyer Burger Technology AG

www.meyerburger.com

Meyer Burger is a leading technology company with a global presence, specializing in innovative systems and production equipment for the photovoltaic (solar), semiconductor and optoelectronics industries. As an internationally renowned premium brand, Meyer Burger offers its customers in the PV industry dependable precision products and innovative solutions for the manufacture of high-efficiency solar cells and solar modules.

The comprehensive product range is complemented by a worldwide service network with spare and wearing parts, consumables, process know-how, maintenance and after-sales service, training courses and additional services. Meyer Burger is represented in the respective key markets in Europe, Asia and North America and has subsidiaries and its own service centers in China, Germany, India, Japan, Korea, Malaysia, the Netherlands, Switzerland, Singapore, Taiwan and the USA. At the same time, the company is also intensively developing the new PV markets in South America, Africa and the Arab region. The registered shares in Meyer Burger Technology AG are listed on the SIX Swiss Exchange (ticker: MBTN).

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