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    Breaking News

    Meyer Burger Closes Sale of Microwave, Plasma Technology Company Muegge GmbH

    HQ Equita will acquire all of Muegge GmbH’s business divisions including its subsidiary Gerling Applied Engineering Inc.

    Meyer Burger Closes Sale of Microwave, Plasma Technology Company Muegge GmbH
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    • Meyer Burger Technology Ltd Reports 1H 2020 Results
    Printed Electronics Now staff10.01.20
    Meyer Burger Technology Ltd announced today the closing of the sale of the microwave and plasma technology company Muegge GmbH to the investment company HQ Equita. 
     
    HQ Equita, which is part of the Harald Quandt Group in Bad Homburg, Germany, will acquire all of Muegge GmbH’s business divisions including its subsidiary Gerling Applied Engineering Inc. based in Modesto CA, USA, as well as its approximately 100 employees. 
     
    As previously announced, the book profit will amount to approximately CHF 4 million. 
     
    The contract also includes an earn-out of CHF 2.5 million, which is due the following year based on the agreed financial targets for 2021.
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    Related Breaking News

    • Breaking News | Photovoltaics
      Meyer Burger Receiving Up to €22.5 Million in Public Funding

      Meyer Burger Receiving Up to €22.5 Million in Public Funding

      Building environmentally friendly solar cell production.
      Printed Electronics Now staff 01.04.21

    • Breaking News | Manufacturing | Photovoltaics
      Meyer Burger Reaches Agreement with Photovoltaic Manufacturer EcoSolifer

      Meyer Burger Reaches Agreement with Photovoltaic Manufacturer EcoSolifer

      Drew a line under a 2015 project, which included delivery of an earlier generation heterojunction cell line for the manufacturing plant in Csorna, Hungary.
      Printed Electronics Now staff 12.10.20

    • Breaking News | Manufacturing | Personnel | Photovoltaics
      Moritz Borgmann Appointed Managing Director of Meyer Burger GmbH

      Moritz Borgmann Appointed Managing Director of Meyer Burger GmbH

      Newly founded entity will manufacture the highly efficient heterojunction solar cells and SmartWire solar modules.
      Printed Electronics Now staff 11.06.20


    • Breaking News | Photovoltaics | Research Institutions
      Meyer Burger, CSEM Extend Collaboration

      Meyer Burger, CSEM Extend Collaboration

      For the joint development of novel solar cells and modules.
      Printed Electronics Now staff 10.27.20

    • Breaking News | Financial News | Manufacturing | Photovoltaics
      Meyer Burger Technology Ltd Reports 1H 2020 Results

      Meyer Burger Technology Ltd Reports 1H 2020 Results

      Transforms business model from machine supplier to vertically integrated cell and module manufacturer.
      Printed Electronics Now Staff 08.14.20

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