Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) is selling its inkjet printing business (PiXDRO) located in Meyer Burger (Netherlands) B.V. in Eindhoven (NL) to Süss MicroTec SE headquartered in Germany. The approximately 30 employees will transer from Meyer Burger (Netherlands) B.V. to Süss MicroTec SE. The contract is subject to standard market completion conditions with completion of the transaction expected towards the end of February 2020. The agreed purchase price for the business with annual sales of approximately CHF 8 million is approximately CHF 5 million in cash. Meyer Burger anticipates an accounting profit arising from the transaction of around CHF 3 million.
“With this divestment an optimal solution has been achieved for all parties. As part of Süss MicroTec, the PiXDRO technology has good prospects for growth “, explains Meyer Burger CEO Hans Brändle the decision to sell. “This transaction is a further step in Meyer Burger’s focus on a strategic PV business with our successful Heterojunction / SmartWire technologies as well as on promising next generation cell technologies”, Brändle continued.
The offer by Süss MicroTec proved superior in a broad-based bidding process conducted by DEX International M&A. This and the validity of the underlying valuation were confirmed by an independent Financial Opinion from IFBC AG (Zurich). The CEO of Süss MicroTec, Dr. Franz Richter, is also a member of the Board of Directors of Meyer Burger and therefore he w
