Press release BoxID: 463321 (Manz AG)
  • Manz AG
  • Steigäckerstraße 5
  • 72768 Reutlingen
  • Contact person
  • Axel Bartmann
  • +49 (7121) 9000-395

Manz AG: Planned takeover of Würth Solar's CIGS innovation line in Schwäbisch Hall

(PresseBox) (Reutlingen, ) Manz AG is planning to acquire the CIGS production line located at Schwäbisch Hall from Würth Solar GmbH & Co. KG. This production line is planned to be first converted into an innovation line for the further development of CIGS production and process technology. A total of 116 Würth Solar employees are to be integrated into the Manz Group as part of the acquisition of the entire CIGS technology. The new innovation factory is primarily intended to serve research and development with the focus being on accelerating further technological development, and the related reduction of production costs and boosting of module efficiencies.

Along with the production site, Manz is also acquiring licences and know-how from Würth Solar, including from the research co-operation venture with the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW), and without further one-off costs. The know-how licensing and co-operation agreement that was concluded in 2010 will be replaced when the new agreement is concluded. This will dispense with the second tranche that was agreed in the original contract, which would have been due when the first CIGSfab was sold. To offset this, Manz will adopt most of the ongoing costs for the innovation line. The takeover should be concluded by early 2012.

This planned step allows both co-operation partners to successfully continue their collaboration of many years, with Manz focusing on the further technological development of the CIGS technology. Würth Solar will continue to be responsible for future sales of the CIGS modules that are produced on the innovation line, thereby concentrating clearly on its core competence of marketing photovoltaic modules and solutions.

Additional information:

German Securities Identification Number (WKN) of the shares: A0JQ5U
Trading symbol: M5Z
Trading segment: Regulated market (Prime Standard) of the Frankfurt Stock Exchange

Manz AG
Steigäckerstraße 5
72768 Reutlingen

Manz AG

Manz AG, headquartered in Reutlingen, Germany, (ISIN: DE000A0JQ5U3) is one of the world's leading high-tech engineering firms. Founded in 1987, in recent years the company has grown from an automation specialist into a supplier of integrated production lines for crystalline solar cells and thin-film solar modules, as well as lines for manufacturing flat panel displays. One of its newest areas of business is the development and manufacture of production systems for lithium-ion batteries. The company, led by founder Dieter Manz, has been listed on the stock exchange in Germany since 2006, and currently operates production facilities in Germany, China, Taiwan, Slovakia, and Hungary. At the end of the third quarter 2011, Manz AG had approximately 1,950 employees, 900 of which work in Asia. With its new slogan "Passion for Efficiency," Manz's engineers are making a promise to offer its customers - all companies active in important future markets - increasingly efficient production equipment.