SWITZERLAND: Meyer Burger Technology Ltd recently announced that the majority stake of 51 percent of the share capital in AMB Apparate und Maschinenbau GmbH with headquartes in Langweid, Germany, has been increased to 100 percent through an early exercising of the call option on the remaining 49 percent participation in the share capital of AMB Apparate + Maschinenbau GmbH (stipulated in the purchase contract of 10 January 2008).
The complete acquisiton of AMB underlines the strategy of Meyer Burger, to become an active worldwide leading Technolgy Group in the solar industry.
The purchase contract has been completed as of 20 November 2009. The parties have agreed to observe secrecy about the purchase price.
Meyer Burger Technology Ltd is a leading and globally active technology group for innovative systems and processes for cutting and handling crystalline and other high-grade materials.
The machines, competences and technologies of the different companies in the group are used in the solar industry (photovoltaics), semi-conductor and optical industry. The thinnest wafers made from silicon, sapphire or other crystals are required in these three markets to manufacture solar modules, switching circuits or high-performance LEDs.
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