In the past few months, Meyer Burger had evaluated various strategic options for the business, which mainly addresses the Swiss market with its MegaSlate products. The sale will result in a loss for Meyer Burger in the low single-digit million range including a goodwill recycling of around CHF 1 million ($1 million). Completion of the contract, which has been signed with Dr. Hofer-Noser, is subject to standard closing conditions and expected to be completed in the first half of 2018. Both parties have agreed to maintain confidentiality regarding the transaction price.
“By selling the Solar Systems unit to Patrick Hofer-Noser, we have found an industrial and especially also local solution for the MegaSlate business and the employees,” Hans Brändle, CEO of Meyer Burger, said.
Dr. Hofer-Noser is a long-time, internationally respected specialist in the solar industry. He was a founding member and later delegate of the Board of Directors and CEO of 3S Industries AG, in Lyss, Switzerland, which merged into Meyer Burger Group in 2010. Thereafter he was CTO and member of the Executive Board of Meyer Burger Group until 2012. From April 2012 until April 2017, Dr. Hofer-Noser was head of Energy Systems and until he left Meyer Burger in December 2017 he held the position of policy liaison officer.
“Together with my employees and partners I look forward to further developing and expanding the market position of the aesthetic and reliable MegaSlate solar roof and facade system, which has been manufactured in Switzerland for more than 15 years and to making a contribution to protecting the climate,” Dr. Hofer-Noser said.