As part of the optimisation programme regarding the Thun manufacturing site and the company’s product portfolio, Meyer Burger Technology Ltd announced today that it will transfer its Solar Systems business (Energy Systems) and the 32 impacted employees to 3S Solar Plus AG, a company which will be newly created and which has been sold to Dr Patrick Hofer-Noser.
In the past few months Meyer Burger had evaluated various strategic options for the business which mainly addresses the Swiss market with its MegaSlate products. The sale will result in a loss for Meyer Burger in the low single-digit million range including a goodwill recycling of around CHF 1 million. Completion of the contract which has been signed with Dr Patrick Hofer-Noser is subject to standard closing conditions and expected to be completed in the first half of 2018. Both parties have agreed to maintain confidentiality regarding the transaction price.
Patrick Hofer-Noser is a long-time, internationally respected specialist in the solar industry. He was a founding member and later Delegate of the Board of Directors and Chief Executive Officer of 3S Industries AG, in Lyss/Switzerland, which merged into Meyer Burger Group in 2010. Thereafter he was Chief Technology Officer and member of the Executive Board of Meyer Burger Group until 2012. From April 2012 until April 2017, Patrick Hofer-Noser was Head of Energy Systems and until he left Meyer Burger in December 2017, he held the position of Policy Liason Officer.
The MegaSlate solar roof and facade system has been manufactured in Switzerland for more than 15 years.