Centrotherm sells GP Solar

Centrotherm makes the equipment used by PV manufacturers

Centrotherm makes the equipment used by PV manufacturers

Embattled PV toolmaker Centrotherm has sold its GP Solar unit to another German company, Isra Vision.

With the sale, Centrotherm says it is achieving its target structure for its new start shortly before a district court terminates insolvency proceedings.

“With its future concept, Centrotherm is concentrating on its technological strengths in its core business areas of crystalline solar cells and semiconductors, as well as microelectronics,” the company says.

To concentrate on that core business, Centrotherm has already shed subsidiaries such as Glatt Maschinenbau.

A fixed-price component to the equivalent of half of GP Solar’s forecast 2013 revenue of €3m ($3.9m) plus a unit-based earn-out component was agreed as Log in to read complete article.

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