Tokyo Electron, which makes production equipment for semiconductors and flat-panel displays, says the acquisition will help its goal of establishing solar panel equipment as one of its core businesses.
The Tokyo-based company already has a joint venture with Sharp that produces module manufacturing equipment.
The takeover of Oerlikon Solar – a subsidiary of the Oerlikon Group – is subject to regulatory approval in several countries, but Tokyo Electron expects to conclude the deal by June.
Oerlikon
