Meyer Burger is buying all the assets of Colorado Springs-based Diamond Wire Technology. The two companies have been cooperating in the marketing and development of diamond wire used for slicing silicon for the photovoltaic industry since 2003.
Specifics of the monetary amount of the cash and shares transaction, which is expected to be completed in September, were not disclosed.
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Meyer Burger says it believes the use of DWT’s diamond wire technology in combination with its own slicing and wire saws will provide its customers with a significant and decisive technological edge, and help them to achieve a reduction of the total costs of ownership in wafering.
“By expanding our technology portfolio with diamond wire, we once again contribute to a substantial reduction of the manufacturing costs of solar cells for the industry,” says Peter Pauli, CEO of Meyer Burger. “Together with DWT we have a lot of experience, innovative power and market strength to introduce this technology in photovoltaics quickly and sustainably.”
