Sale of Solar Glass business to Thin Glass Specialist Ducatt

CENTROSOLAR Group AG has signed a share purchase agreement on the sale of 100% of Centrosolar Glas GmbH & Co. KG, Fürth, Germany, to Ducatt NV, Lommel, Belgium.

Centrosolar Glas is the technology leader for antireflective coated solar glass offering maximum light transmission.    

CENTROSOLAR Group AG decided to divest this non-core business as a part of its restructuring program. CENTROSOLAR sells its glass activities for a symbolic purchase price plus a share of future profits. Thus, CENTROSOLAR reduces its consolidated financial liabilities by approx. EUR 14 million with this transaction. Moreover, the divestment is a milestone for CENTROSOLAR to focus on its core business of PV roof systems for private and commercial applications. The CENTROSOLAR module manufacturing plant will continue to purchase a significant share of its glass need from Centrosolar Glas and Ducatt.

 

By integrating CENTROSOLAR’s glass processing business into an advanced glass producer significant further cost and technology improvements can be implemented. Centrosolar Glas can not only profit from synergies with the glass melting activities of Ducatt; but also from Ducatt’s technological edge in thin patterned glass for solar applications. Thin glass is a key prerequisite for a new generation of glass-glass modules that offer a significantly longer life time than the traditional glas-foil modules avoiding the disadvantage of higher weight and cost that carry thick glass-glass modules. CENTROSOLAR had introduced a glass-glass module based on thin glass in autumn 2012 as the first mover.

 

About CENTROSOLAR Group AG:

The listed company CENTROSOLAR Group AG, Munich, (stock exchange code WKN 514850) is one of the leading suppliers of photovoltaic (PV) systems for roofs and key components, with around 950 employees in Europe and North America and annual revenue of more than EUR 200 million (2012). Its product range comprises solar integrated systems, modules, inverters and mounting systems. Over two-thirds of revenue is generated internationally. There are CENTROSOLAR branches in Italy, France, Greece, Switzerland, the Netherlands, the UK, Canada and the USA. CENTROSOLAR manufactures photovoltaic modules at a production plant in Wismar (Germany). The module production plant certified to DIN ISO 9001:2008 is one of the largest and most efficient such plants in Europe, with an annual capacity of 350 MWp.

 

Centrosolar Glas is a leading solar glass manufacturer with production plants in Germany and China with an annual production capacity of eight million square metres. Centrosolar Glas is leading in antireflective coating, offering higher light transmission and thus higher yields for solar applications.

 

For further information, visit: www.centrosolar-group.com.  

For more information, please contact:

MetaCom GmbH

Georg Biekehör

tel.: +49 (0)6181 9828030

e-mail: g.biekehoer(at)go-metacom.de

600450 Sale of Solar Glass business to Thin Glass Specialist Ducatt glassonweb.com

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