Tokyo Electron completes deal to buy Oerlikon Solar

Tokyo Electron says it anticipates growth in the beleaguered thin-film PV sector in the years ahead, as it completes its acquisition of Oerlikon’s solar division.

The CFh250m ($270m) deal, unveiled in March, will see Tokyo Electron establish a third core business, on top of the production equipment it supplies to makers of semiconductors and flat-panel displays.

Tokyo Electron has had a joint development deal for thin-film PV with Sharp since 2008, and since 2009 it has acted as Oerlikon Solar’s marketing and sales agent in Asia.

Oerlikon – a Swiss technology conglomerate controlled by Russian tycoon Viktor Vekselberg – has been a leading supplier of production machines to the amorphous silicon (a-Si) thin-film PV sector, which Log in to read complete article.

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