centrotherm photovoltaics AG

EANS-News: Further step in reorganization process: centrotherm sells Michael Glatt Maschinenbau GmbH

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Company Information


Blaubeuren (euro adhoc) - September 05, 2012 - centrotherm photovoltaics AG has
consistently implemented a further step in its ongoing reorganization process. 
Michael Glatt Maschinenbau GmbH, a wholly-owned subsidiary of centrotherm SiTec
GmbH, will be sold to Büechl Handels- und Beteiligungs-KG, a company that has
its roots in Regensburg, with effect as of September 5, 2012.

As a consequence, centrotherm has successfully taken a further step to
rationalize its strategic portfolio, and to concentrate on its core
competencies.

"Along with the successful sale, we also maintained all jobs and the previous
management of Michael GLATT Maschinenbau," noted Dr. Thomas Riegler (CFO), who
managed the disposal process.

Michael Glatt Maschinenbau GmbH has many years of experience in the production
of vessels and apparatus, and in welding technology. The former centrotherm
subsidiary will remain connected as a supplier for current and future projects.


About centrotherm photovoltaics AG
centrotherm photovoltaics AG, which is based at Blaubeuren, Germany, is a
globally leading technology and equipment provider for the photovoltaics sector.
The company equips well-known solar companies and new sector entrants with
turnkey production lines and single equipment to manufacture silicon, and
crystalline solar cells and modules. As a consequence, the Group possesses a
broad and well-founded technological basis, as well as key equipment at
practically all steps of the photovoltaics value chain. centrotherm
photovoltaics guarantees its customers important performance parameters such as
production capacity, efficiencies, and completion deadlines. The Group currently
employs around 1,400 staff, and operates globally in Europe, Asia and the USA.
centrotherm photovoltaics achieved revenue in the 2011 financial year of around
EUR 700 million. The company is listed in the Prime Standard on the Frankfurt
Stock Exchange.


Further inquiry note:
Saskia Feil
Tel: +49 (0) 7344 918-8890
saskia.feil@centrotherm.de

Nathalie Albrecht
Manager Public Relations 
Tel: +49 7344 918-6304
E-mail: nathalie.albrecht@centrotherm.de

end of announcement                               euro adhoc 
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company:     centrotherm photovoltaics AG
             Johannes-Schmid-Str. 8
             D-89143 Blaubeuren
phone:       +49 (0) 7344 91880
mail:     info@centrotherm.de
WWW:      http://www.centrotherm.de
sector:      Energy
ISIN:        DE000A0JMMN2
indexes:     Prime All Share, GEX, ÖkoDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English
 



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