Singulus Technologies has acquired the remaining 49% of Stangl Semiconductor Equipment ahead of schedule and at a significantly lower price than what was paid for the first trance back in 2007. Once this deal is completed Singulus will own 100% of Stangl’s shares.
“Stangl was the first acquisition outside of our traditional work area of optical production machines. It enabled us to gain the strategically very important market access to the solar industry. We will focus more intensively on the system business with production equipment for solar cells and leverage our know-how in coating and automation technologies as well as in the system business”, comments Roland Lacher, chief executive officer, Singulus.
With this acquisition Singulus’ aims to expand into the solar industry. Stangl is one of the key providers of wet-chemical machines for c-Si technology as well as for thin-film solar technology. Together with Stangl, Singulus offers important machine groups for a production line for c-Si cells with wet-chemical, vacuum coating and wafer handling technology. New production expertise is integrated and offered for thin-film solar technology as well.
The agreement for this acquisition was signed on December 7. Singulus expects the closing to be completed by the end of 2009.
