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Mar 4th, 2012
 
Oerlikon Solar sold to Tokyo Electron
 
The Oerlikon Group has 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.
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  • One of the leading thin-film PV manufacturers providing turnkey business model with a-Si and tandem-junction thin-film technology, is being sold to Tokyo Electron (TEL).
  • Tokyo Electron Ltd. (TEL) has been a strategic partner to Oerlikon Solar since 2009 and will expand its solar business significantly
  • Customer commitments and service levels secured

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. The transaction is structured to secure our customers and to maintain service levels at the highest standards.

After significant operational and cost structure improvements over the last two years, Oerlikon Solar will now be divested.


 
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