Meyer Burger sells company building to Helvetica Swiss Commercial Fund

 Meyer Burger sells company building to Helvetica Swiss Commercial Fund 

Meyer Burger Technology AG (SIX Swiss Exchange: MBTN) today announces the sale of its company building at the corporate headquarters in Gwatt (Thun) to Helvetica Swiss Commercial Fund (HSC Fund). The purchase price is CHF 42.5 million, of which around CHF 31 million will be transferred at the time of change of ownership, with the remainder following in tranches over the course of the next five years. After repayment of the mortgage debt, Meyer Burger will retain approximately CHF 19 million of the payment due upon the transfer of ownership.

The two parties have registered a purchase contract to this effect on October 22, 2019. Subject to the expected approval of the City of Thun, which currently holds a pre-emptive right to acquire the building, it is anticipated that the transaction and change of ownership will be concluded shortly.

Manfred Häner, CFO of Meyer Burger: "With the completion of the sale of the building, we are improving our liquidity and thus strengthening the basis for implementing our strategic realignment.”

For its part, Meyer Burger will continue to occupy around 4,400 square meters of the building as a tenant. The 22,900 square meter commercial and office complex is fully let.

Meyer Burger had already announced the sale of the group-owned building dating from 2011 a number of months ago for reasons including its strategic and organizational reorientation.

Contacts:

Stefan Diepenbrock

Head of Corporate Communications

Tel: +41 (0)33 221 27 85

stefan.diepenbrock@meyerburger.com

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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