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 17, 2025
T1 Energy has started construction on the 2.1GW first phase of its TOPCon cell manufacturing facility in Texas.
December 17, 2025
Renewables developer ib vogt has sold the 95.18MW Baobab solar PV project in Segovia, central Spain, to a subsidiary of Swiss independent power producer (IPP) EOS NER.
December 17, 2025
JA Solar is a lead partner in a joint venture that broke ground this week on a new 2GW solar PV cell, 2GW module and 1GWh energy storage manufacturing facility in Egypt.
December 17, 2025
Doral Renewables has signed a PPA to sell power generated at its 270MW Lambs Draw solar PV project, which will be built in Kansas.
December 17, 2025
Germany has revised down the price ceiling for roof-mounted solar PV systems to €0.1/kWh (US$0.117/kWh) for tenders to be held in 2026.
December 16, 2025
Ecoprogetti has installed a new 400MW module production facility in Oman, to be operated by American Advanced Clean Energy (AACE).

Upcoming Events

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
Solar Media Events
November 24, 2026
Warsaw, Poland