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.
