04 Mar '12, 11am

#solar #photovoltaic

The Oerlikon Group has today agreed the terms of a divestment of its Solar Segment to a leading global supplier of semiconductor production equipment, Tokyo Electron Limited (TEL) of Japan. The sale is a strategic move for Oerlikon to further focus its portfolio and enable management to develop the larger, high performing businesses in the Group, in order to continue profitable growth. After significant operational and cost structure improvements over the last two years, Oerlikon Solar will now be divested. Dr Michael Buscher, CEO of Oerlikon Group, comments: "This divestment is an important part of our strategy to streamline and balance the Group portfolio. TEL is an ideal strategic buyer for our solar business. Its main operations are close to the predominantly Asian customer base and having had a partnership with them for three years, they know our Solar Segment well. T...

Full article: http://www.solarbuzz.com/industry-news/tokyo-electron-acq...

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