As part of its focus on the transformation of Meyer Burger into a manufacturer of solar cells and modules, the Company has decided to sell the non-strategic business unit. Muegge GmbH is one of the world’s leading manufacturers of microwave and plasma systems – from industrial heating with microwaves to plasma technology processes for large-area coating. Together with its American subsidiary Gerling Applied Engineering Inc., the company continuously develops new components for industrial applications in almost all sectors and markets on the basis of its own processes.
HQ Equita is part of the Harald Quandt-Group, based in Bad Homburg. Around 20 experts support primarily owner-managed SMEs in strategically developing and growing their business. HQ Equita has become an established and trusted partner for SMEs since 1992, with around EUR 1 billion invested in over 30 small and medium-sized companies in German-speaking countries.. "MUEGGE, as a technologically driven company with a strong position in its niche market, is an ideal match for HQ Equita. With its dynamic management team and leading R&D and engineering capabilities, the company is ideally positioned to serve a growing range of applications in international markets. Also in light of our positive experience with corporate spin-offs, we are convinced of MUEGEE’s future potential and are very much looking forward to supporting the management team in building on their success story." explained Frank Schäfer, partner with HQ Equita.
Meyer Burger was advised on the transaction by IPONTIX (M&A) and the law firm Schmitz Knoth (legal).
About HQ Equita
HQ Equita is part of the Harald Quandt-Group, based in Bad Homburg. Around 10 investment professionals support primarily owner-managed SMEs in strategically developing and growing their business. HQ Equita has become an established and trusted partner for SMEs since 1992, with around EUR 1 billion invested in over 35 small and medium-sized companies in German-speaking countries.
THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR, EXCHANGE OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF MEYER BURGER TECHNOLOGY LTD HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.
This press release may contain statements referring to the future, such as expectations, plans, intentions or strategies concerning the future. Such statements are subject to risks and uncertainties. The reader is cautioned that actual future results may differ from what is expressed in or implied by the statements. All statements concerning the future in this press release are based on data available to Meyer Burger Technology Ltd at the time of publishing this press release. The company does not undertake to update any future-oriented statements contained in this press release as a result of new information, future events or suchlike.
Meyer Burger is a leading and globally active technology company specializing in innovative systems and production equipment for the photovoltaic (solar) industry. As an internationally renowned premium brand, Meyer Burger offers its customers in the PV industry dependable precision products and innovative solutions for the manufacture of high-efficiency solar cells and solar modules.
The comprehensive product range is complemented by a worldwide service network with spare and wearing parts, consumables, process know-how, maintenance and after-sales service, training courses and additional services. Meyer Burger is represented in the respective key markets in Europe and Asia and has subsidiaries and its own service centers in China, Germany, Japan, Korea, Malaysia, Switzerland, Singapore, Taiwan and the USA. The registered shares in Meyer Burger Technology Ltd are listed at the SIX Swiss Exchange (Ticker: MBTN).
Meyer Burger Technology AG
CH3645 Gwatt (Thun)
Telefon: +41 (33) 2212800
Telefax: +41 (33) 2212808
Telefon: +41 (43) 26827-47
Head of Corporate Communications
Telefon: +41 (33) 22128-34