Meyer Burger To Buy 3S Industries

Meyer Burger Technology, a provider of systems and processes for cutting and handling crystalline silicon and other materials, has signed an agreement to purchase 3S Industries, a provider of production equipment for the manufacture of solar modules.

The deal will create the first firm in the industry to encompass the entire solar cell fabrication process, according to a Reuters report. The transaction is also expected to increase Meyer Burger's profit and enhance 3S' expansion into Asia.

The proposal is scheduled to be presented to both companies' shareholders at general meetings on Jan. 14, and expected to be completed on Jan. 21.

SOURCE: Reuters

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