Tokyo Electron buys Swiss PV equipment group Oerlikon

Japan’s Tokyo Electron says it will buy Swiss thin-film PV production equipment supplier Oerlikon Solar for about 22.5bn yen ($275m) in cash.

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 Solar has 870MW of production capacity and made sales of Sfr254m ($278m) in 2010. It employs Log in to read complete article.

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