Meyer Burger Technology Ltd, the listed Swiss technology company has sold its Dutch subsidiary PiXDRO to Süss MicroTec, the listed German manufacturer of equipment and process solutions for microstructuring in the semiconductor industry.
DEX international M&A acted as sell-side advisor for Meyer Burger.
Meyer Burger divests Meyer Burger (Netherlands) B.V.
Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) has sold 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 transfer from Meyer Burger (Netherlands) B.V. to Süss MicroTec SE.
“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 was not involved by Meyer Burger in this transaction.
The Technology and Product Centre in Eindhoven (Netherlands) develops and manufactures leading technologies and solutions in the field of inkjet solutions for the electronics and semiconductor industries. Meyer Burger will continue to purchase certain products and services from its former subsidiary in the future.
Süss MicroTec (www.suss.com) is one of the world’s leading manufacturers of equipment and process solutions for microstructuring in the semiconductor industry and related markets. In close cooperation with research institutes and industry partners, Süss MicroTec advances the development of new technologies such as 3D integration and nanoimprint lithography as well as key processes for MEMS and LED production. The Süss Group is headquartered in Garching near Munich. Süss MicroTec (ISIN: DE000A1K0235, WKN: A1K023) is listed on the Frankfurt Stock Exchange in Germany.