Meyer Burger Technology is selling its German automation software subsidiary AIS Automation Dresden to S&T in Linz, Austria.
S&T is taking over all the business units of AIS as well as the roughly 140 employees in the CHF14m ($14.1m) deal. The subsidiary had a turnover of CHF14m and comes as part of Meyer Burger’s restructuring. The company will see a CHF5m boost as a result of the deal.
AIS develops flexible software for automation technology and information technology as part of Industry 4.0 to support companies in the transition to the Internet of Things (IoT). Meyer Burger will continue to use certain services from AIS. S&T has around 4,800 employees in 30 countries and has a focuson IoT Industry 4.0 and Embedded Computing Technology (ECT).
“The sale of AIS to S&T AG is a compelling solution for all parties involved,” said Hans Brändle, CEO of Meyer Burger. “The IT and software solutions developed by AIS are in better hands with its new owners. It will enable us to concentrate more strongly on the strategic PV business with the successful heterojunction / SmartWire technology as well as some promising next-generation cell technologies.”
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- SPINS OUT ITS SOLAR SYSTEMS BUSINESS
- TAKES MAJOR STAKE IN OXFORD PV
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- CUTS 100 MORE JOBS IN CHINA FOCUS