Meyer Burger divests its Solar Systems business to Patrick Hofer-Noser

14.05.2018

As part of the optimisation programme regarding the Thun manufacturing site and the company’s product portfolio which was communicated on 2 November 2017, Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that it will transfer its Solar Systems business (“Energy Systems”) and the 32 impacted employees to 3S Solar Plus AG, a company which will be newly created and which has been sold to Dr Patrick Hofer-Noser. 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. Completion of the contract which has been signed with Dr Patrick 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.

Hans Brändle, CEO of Meyer Burger: “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.”

Patrick 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 Chief Executive Officer of 3S Industries AG, in Lyss/Switzerland, which merged into Meyer Burger Group in 2010. Thereafter he was Chief Technology Officer and member of the Executive Board of Meyer Burger Group until 2012. From April 2012 until April 2017, Patrick Hofer-Noser was Head of Energy Systems and until he left Meyer Burger in December 2017 he held the position of Policy Liaison Officer.

Patrick Hofer-Noser: “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.”

Source: Meyer Burger

Similar Entries

Global Energy Storage Systems Market is set to grow from its current market value of more than $340 billion to over $500 billion by 2025; according to a new research report by Global Market Insights, Inc.

Kurnool solar park (pict. Greenko)

For the secure integration of solar parks on a gigawatt scale, grid operators need particularly accurate predictions of power generation. The German-based company energy & meteo systems is already forecasting the generation capacity of large parts of several gigawatt parks and has now also acquired operators of the world's second largest solar park Pavagada in India as customers.

According to the General Administrative Regulation (German: AVV) for the marking of aviation obstacles, infrared light will be mandatory for many wind turbines as additional navigation lighting. The infrared light developed for this purpose by former Reetec, now Robur Wind, has been certified by the responsible authorities.

Following the acquisition of Ria Blades, Siemens Gamesa has completed the purchase of selected assets from Senvion announced in October 2019. The acquisition of Onshore Service assets and IP was concluded in January 2020.