Hosted by IDTechEx
Printed Electronics World
Posted on February 10, 2010 by  & 
External Company Press Release

Roth & Rau take over solar activities of OTB Group B.V.

Roth & Rau AG takes over from the OTB Group B.V., Eindhoven, Netherlands, 100% of the shares in that company's subsidiary OTB Solar B.V. (OTB).
 
OTB's product portfolio consists of systems and technologies for the solar industry, especially antireflective coating systems and turnkey production lines for use in the manufacture of crystalline silicon solar cells. Moreover, OTB's core competencies also include high-rate PECVD coating processes and industrial ink-jet printing applications with interesting potential for use in the production of new, high-efficiency solar cells. All of OTB's products, like those of Roth & Rau, are based on inline production.
 
The acquisition enables Roth & Rau AG to increase its market share as an equipment supplier for crystalline solar technology and in its turnkey business. What's more, the company has secured access to new competitive technologies and is thus pressing further ahead with expanding its product portfolio.
 
"OTB's products optimally supplement our technology portfolio and will significantly contribute towards boosting our turnkey business. We also expect to generate synergies by integrating OTB's product development capacities and its project management team, with its successful track record on the market", commented Dr. Dietmar Roth, CEO of Roth & Rau AG.
 
 
"Like cell and module manufacturers, equipment suppliers are also undergoing a far-reaching process of consolidation," added company CFO Carsten Bovenschen. "At the end of the day, there will only be a small number of providers with high process expertise, a global presence and the critical mass to negotiate with customers on equal terms. We see the takeover of OTB as a further consistent step within our growth strategy".
 
"We are pleased that we will have a partner as economically and technologically strong as Roth & Rau at our side in future," commented Paul Breddels, CEO of the OTB Group. "By making joint use of service and sales structures and by harmonising our technologies we will be able to serve our customers even better in future."
 
The purchase price amounts to € 35.5 million (including takeover of financial liabilities). Of this sum, an amount of € 30.0 million will be settled by issuing new Roth & Rau shares by way of a capital increase in return for non-cash contributions. The capital increase in return for non-cash contributions will be executed from Authorised Capital II to the exclusion of subscription rights. The new shares will be subject to a lockup period of 16 months following issue. The remaining € 5.5 million will be paid in cash. OTB had orders on hand of around € 50 million as of 31 January 2010. Accounting for the necessary restructuring charge, Roth & Rau AG expects to generate synergy effects in terms of costs and to see positive earnings contributions from OTB from the 2011 financial year onwards.

About OTB:

The OTB Group develops, designs and manufactures inline production systems. OTB Solar has been developing and manufacturing production systems for use in the manufacture of solar cells since 1997 and is a supplier of coating systems for crystalline silicon solar cells.
 
 
Furthermore, OTB Solar offers turnkey production lines for the manufacture of crystalline solar cells. OTB Printing/PixDro specialises in researching and developing industrial ink-jet printing applications and in manufacturing such systems for research and industry.
 
The OTB Group has its headquarters in Eindhoven, Netherlands.

About Roth & Rau AG:

Roth & Rau AG, based in Hohenstein-Ernstthal, has been one of the world's leading suppliers of production equipment and innovative production technologies for the photovoltaics industry for more than 10 years now.
 
In its photovoltaics segment, Roth & Rau focuses on providing antireflective coating systems and turnkey production lines for use in the manufacture of crystalline silicon solar cells.
 
Further products include thermal processing systems also used in the manufacture of crystalline silicon solar cells, as well as coating systems and turnkey production lines for the manufacture of thin film solar modules.
 
Roth & Rau Microsystems, a subsidiary located in the Wüstenbrand district, develops and produces process systems for plasma and ion beam enhanced thin film and surface processing methods tailored to customers' specific needs.
 
 
The customers served by this division particularly include companies in the semiconductor industry, R&D departments in various other industrial sectors, research institutes and universities.
 
The portfolio of the Roth & Rau Group is supplemented by software products in the field of systems management, production monitoring and maintenance and service offerings. Roth & Rau posted sales of € 272.1 million in the 2008 financial year. Sales for the first nine months of 2009 amounted to € 159.5 million, with EBIT of € 13.1 million.
 
The Roth & Rau Group had a total workforce of 857 employees as of 30 September 2009.
 
For more information visit http://www.otb-solar.com.
 
Learn more at the next leading event on the topic: Printed Electronics Europe 2020 External Link on 13 - 14 May 2020 at Estrel Convention Center, Berlin, Germany hosted by IDTechEx.
More IDTechEx Journals