OREANDA-NEWS. Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced that its subsidiary, Muegge GmbH, which is headquartered in Reichelsheim, Germany, has acquired 100% of the shares of the microwave technology specialist Gerling Applied Engineering, Inc. Muegge purchased the shares from the managing partner and founder of Gerling Applied Engineering, John F. Gerling, who will continue in his role as company Vice President to manage the company’s operation business. In the 2014 financial year, GAE generated sales of around USD 2 million.

'The acquisition of GAE enables us to offer a complete standardised product line across the entire field of industrial microwave and plasma systems in the USA. It therefore provides us with a decisive competitive advantage while extending our footprint and increasing our share of the worldwide market in industrial microwave technology and in the production of complete industrial systems,' commented Dr Klaus Baumg?rtner, CEO of Muegge GmbH.

'We have worked closely together with Muegge GmbH and we are excited about the huge potential resulting from this transaction. Intensifying this cooperation by pooling the two companies’ extensive expertise will provide a basis for the growth of market share and ongoing enhancement of our products for the microwave and plasma industry in the USA and beyond. This will enable us to meet customers’ requirements even more closely in the future', commented John F. Gerling, the founder and President of Gerling Applied Engineering, Inc.

Meyer Burger will include GAE in the scope of the consolidation retrospectively as of July 1, 2015. The parties have agreed to maintain confidentiality concerning the purchase price.

About Meyer Burger Technology Ltd

Meyer Burger is a leading global technology company specialising on innovative systems and processes based on semiconductor technologies. The company's focus is on photovoltaics (solar industry) while its competencies and technologies also cover important areas of the semiconductor and the optoelectronic industries as well as other selected high-end markets based on semiconductor materials. The company currently employs more than 1,700 people across three continents. Over the past ten years, Meyer Burger has risen to the forefront of the photovoltaic market and established itself as an international premium brand by offering superior precision products and innovative technologies.

Meyer Burger's offering in systems, production equipment and services along the photovoltaic value chain includes the manufacturing processes for wafers, solar cells, solar modules and solar systems. Meyer Burger provides substantial added value to its customers and clearly differentiates itself from its competitors by focusing on the entire value chain.

The company’s comprehensive product portfolio is complemented by a worldwide service network with spare parts, consumables, process know-how, customer support, after-sales services, training and other services. Meyer Burger is represented in Europe, Asia and North America in the respective key markets and has subsidiaries and own service centres in China, Germany, India, Japan, Korea, Malaysia, the Netherlands, Switzerland, Singapore, Taiwan and the USA. The company is also working intensively to develop new markets such as South America, Africa and the Arab region. The registered shares of Meyer Burger Technology Ltd are listed on the SIX Swiss Exchange (Ticker: MBTN).

About MUEGGE GmbH, Member of the Meyer Burger technology company

MUEGGE GmbH is a top international supplier in the field of industrial microwave and plasma technologies. Its portfolio includes microwave generators and components, including the corresponding power supply technology for various applications, such as industrial microwave heating, and especially plasma technology (Rapid Reactive Radicals Technology, R3T). The microwave systems produced by MUEGGE are used to generate plasma for semiconductor applications, in the areas of flat panel / OLED, MEMS, in the medical technology field, environmental technologies as well as in other industrial areas. MUEGGE GmbH is a member of Meyer Burger Technology Ltd.