Swiss tech firm Meyer Burger spins out its Solar Systems business

May 14, 2018 // By Nick Flaherty
Swiss technology firm Meyer Burger Technology is spinning out its Solar Systems business to its former chief technology officer.

The business, which produces and installs the MegaSlate photovoltaic systems in Switzerland with 32 employees, is being sold to 3S Solar Plus, a newly formed company that itself has been to Dr Patrick Hofer-Noser. He was the founder and Chief Executive Officer of 3S Industries in Lyss/Switzerland, which merged with Meyer Burger Group in 2010. He became Chief Technology Officer and member of the Executive Board of Meyer Burger Group until 2012 and until April 2017 was Head of Energy Systems. He left Meyer Burger in December 2017.

In the past few months Meyer Burger had been looking at various options for the business, and the sale will result in a loss for Meyer Burger in the low single-digit million range including a goodwill writeoff of around CHF1m ($1m). The deal is expected to be completed in the first half of 2018

“By selling the Solar Systems unit to Patrick Hofer-Noser, we have found an industrial and especially also local solution for the MegaSlate business and the employees,” said Hans Brändle, CEO of Meyer Burger. The company has photovoltaic cell production at its factory in Thun.

The MegaSlate has over 10,000 installations in Switzerland. “Together with my employees and partners I look forward to further developing and expanding the market position of the aesthetic and reliable MegaSlate solar roof and facade system which has been manufactured in Switzerland for more than 15 years and to making a contribution to protecting the climate,” said Hofer-Noser.

www.meyerburger.com

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