Meyer Burger to acquire Roth & Rau for approximately €356.6 million

April 11, 2011
Facebook
Twitter
LinkedIn
Reddit
Email
Continuing its PV equipment company consolidation attempts, Meyer Burger will acquire Roth & Rau in a friendly takeover. Meyer Burger said it had already acquired a total of 11.3% of the share capital of Roth & Rau AG from the founders and key shareholders.  Meyer Burger is offering bearer shares in Roth & Rau at €22 per share in cash, a premium of around 41 % compared with the volume-weighted average share price of the past three months. The total deal is worth approximately €356.6 million.

The acquisition fills in significant gaps in Meyer Burgers c-Si cell processing capabilities, since the company has already made several strategic acquisitions in recent years to bolster its equipment product offerings downstream into module manufacturing and certain other manufacturing equipment areas.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The transaction, based on 2010 financial results, would mean the Swiss-based supplier would leapfrog centrotherm photovoltaics as the second-largest PV equipment supplier, with revenue of over €1 billion. According to recent rankings from market research firm VLSI Research, Meyer Burger was the fourth-largest equipment supplier, while Roth & Rau was ranked seventh. Roth & Rau posted sales of €285.3 million in 2010, up 44.2% compared to the previous year.

The companies said that on closing the merger, Roth & Rau operations would form the core of a new  'Cells'  technology and competence centre within the Meyer Burger Group and would continue to be run as a proprietary technology competence centre and operating German company at its main location in Hohenstein-Ernstthal.

“With joint activities in research and development, the combination of our distribution networks and through the larger offering of fully integrated system solutions we play a crucial role in further reducing the costs along the value chain in photovoltaics,” commented Peter Pauli, CEO of Meyer Burger Technology AG. “This is just another step to sustainably reduce the costs of solar power and to help achieve the industry goal of grid parity as fast as possible.”

Dietmar Roth, CEO and founder of Roth & Rau AG, added, “We are convinced that Meyer Burger is the ideal strategic partner for a continuous dynamic development of our Group. Shareholders, our employees, suppliers and customers as well as the entire solar industry will profit from the new combined group.”

Read Next

December 5, 2025
BayWa r.e. has sold two of its UK solar farms, which have a combined capacity of 89.9MW, to global asset management firm Capital Dynamics
December 5, 2025
Origis Energy has raised US$265 million in finance from Advantage Capital to support the development of a 305MW solar PV portfolio in the US.
December 5, 2025
WBS Power has sold the 150MW solar, 500MW/2,000MWh BESS Project Jupiter in Brandenburg, Germany, to investor Prime Capital.
December 5, 2025
Over 140 US solar companies have urged Congress to reconsider changes to permitting which they say have resulted in “a nearly complete moratorium” on solar project permits.
Premium
December 5, 2025
In November, the Colorado PUC ordered utility Xcel Energy to provide higher-quality information, and introduce flexible tariffs.
December 4, 2025
High power prices and increased energy storage usage have led to a sharp increase in self-consumption of solar power in Germany since 2022, according to data from the Fraunhofer Institute for Solar Energy Systems (ISE).

Upcoming Events

Upcoming Webinars
December 17, 2025
2pm GMT / 3pm CET
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 24, 2026
Dallas, Texas
Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA