Meyer Burger concludes divestment of wafer business to Precision Surfacing Solutions

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced that it has concluded the divestment of its photovoltaic and specialised materials (e.g. semiconductor and sapphire glass industries) wafering equipment and service business to Precision Surfacing Solutions (PSS). The sale was agreed and announced on February 7, 2019. The purchase price is CHF 50 million in cash and the contract includes an earn-out component based on certain revenue levels in 2019.

To read the full content,
please download the PDF below.

Download full article

More from across PES

18th May 2024

Cornwall Insight release final forecast for July price cap

Cornwall Insight has announced its final forecast for the July – September Q3 2024 Default Tariff Cap (price cap) following the closure of the observation window1 on 16 May. For a typical dual fuel household2 we predict the July price cap to be £1,574 per annum. This is a fall of approximately 7% from the current… Read more »

18th May 2024

Jan De Nul reaffirms belief in energy transition with order for new XL cable-laying vessel

Demand for subsea cables to support a global offshore energy transition is high. The Fleeming Jenkin, due for delivery in 2026, has already booked her first projects. Jan De Nul Group has installed 2,500 kilometres of submarine cables in 25 countries to date, playing a key role in that transition. The order for a new… Read more »

17th May 2024

EnBW starts construction of XXL wind farm in the North Sea

The rotor of a wind turbine of the latest generation covers the area of six football fields. 64 of these gigantic buildings are intended to advance the energy transition in the North Sea. The Karlsruhe-based energy group EnBW is building the largest wind farm to date on the high seas in the North Sea , which will at… Read more »

16th May 2024

Wind Power LAB launch lightning surveillance technology

Reducing wind turbine repair costs and operational downtime by more than 40% Danish-based Wind Power LAB (WPL) have launched an innovative lightning surveillance tool tailored to combat strike damages to wind farms through early detection of potential risk. The new Lightning Analysis Service, known as LASSIE, offers major cost savings in excess of 40% because… Read more »

16th May 2024

FuelEU for thought: new regulation leaves DoC holder with fuel liabilities risk, says OceanScore

Implementation of the FuelEU Maritime regulation from 2025 presents an accountability dilemma for shipping as it is currently the Document of Compliance (DoC) holder that will be held responsible for fuel selection and could therefore face penalties – contrary to the ‘polluter pays’ principle, according to OceanScore. Shipping companies must start preparing now for the… Read more »

15th May 2024

Winds of change: Ampelmann signs two E1000 systems to drive growth in Taiwan’s offshore wind market

Ampelmann, the Dutch offshore access provider, has signed a new contract for two E1000 systems to work in Taiwan onboard two multipurpose support vessels to provide accommodation and walk to work services for end client Vestas Taiwan. The E1000 systems have been signed to assist in turbine commissioning. This new contract reaffirms Ampelmann’s position in… Read more »

15th May 2024