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The M+W Group, Stuttgart, acquired shares in Schmid Silicon Technology Holdings, effective from January 1, 2010. Through this acquisition, the companies will partner in global activities in the engineering and construction of polysilicon plants based on monosilane technology.
"With our new partner M+W Group we are able to enforce our worldwide presence on the future markets to offer our customers joint expertise and service excellence for successful realization of projects. With our future-orientated technology and the partner M+W Group we decisively strengthen our competitiveness and we see this as a further essential step on the way to establishing ourselves as the leading technology supplier for Polysilicon solutions", said Christian Schmid, shareholder of Schmid Silicon Technology and Jürgen Wild, CEO of M+W Group.
"Contract negotiations have been concluded in a purposeful manner within a very short time frame, due to similar perception of the market, the customers and the company philosophy. This makes the realization of future projects easier. Both parties are looking forward to a successful cooperation. Right after the contract conclusion we have started working on the coming tasks closely together", said Alexander Berg, CEO of the Schmid Silicon Technology.
Both companies agreed to release no further details of the acquisition.
