Oerlikon Sells Solar Business To Semiconductor Firm Tokyo Electron Ltd.

Posted by SI Staff on March 02, 2012 No Comments
Categories : New & Noteworthy

The Oerlikon Group, based in Switzerland, has agreed to a contract calling for the divestment of its solar segment to Japan-based Tokyo Electron Ltd. (TEL), a supplier of semiconductor production equipment.

Oerlikon says the sale will allow the company to focus on its ‘larger, high-performing businesses in the group, in order to continue profitable growth.’ Oerlikon Solar, which provides thin-film solar equipment, currently has 870 MW of contracted capacity and 15 customers in production.

According to Dr. Michael Buscher, CEO of Oerlikon Group, TEL represents an ideal strategic buyer for Oerlikon Solar, whose customer base is predominantly Asian. TEL and Oerlikon have previously worked together under long-term partnership agreements.

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