German equipment supplier RENA has continued its restructuring, as it attempts to emerge from insolvency, by selling SoLayTec to Amtech Sytems subsidiary Tempress. The sale brings SoLayTecs atomic layer deposition (ALD) technology into the Amtech group of companies.
SoLayTecs technology suite can be used for p-type PERC upgrades and n-type cell production. PERC upgrades have been a strongly performing segment of the PV equipment supply business of late. Amtech says that the acquisition should contribute modestly to revenue and earnings in 2015, with significant growth expected in 2016.
We believe SoLayTec's InPassion ALD ultrafast, high throughput systems reflect a significant opportunity for our current and prospective customers, said Amtech CEO Fokko Pentinga, in a statement announcing the deal. The system is already installed at several key customers and SoLayTec has additional purchase orders in hand.
SoLayTec ALD systems are being deployed in U.S. manufacturer Mission Solar Energys n-type expansion.
Amtech CEO Pentinga said that the SoLayTec ALD tooling would be rolled out in combination with the Tempress PECVD processes. Amtech will also continue to work with RENA on the rollout of its wet chemical technology.
With these synergies we expect a highly efficient integration process and a solid platform for our combined companies to successfully participate in the upcoming PERC market and accelerate SoLayTec's growth in 2015 and beyond in support of Amtech's solar growth strategy, said Pentinga.
RENA entered insolvency in March 2014. The move was ostensibly due to the insolvency of its water processing subsidiary SH+E, although the weak solar equipment market presumably played a role in the German companys weak financial position.
Amtech Sytems is based in Tempe, Arizona, with subsidiary Tempress representing its European operations, being located in Vaassen, Holland. Founded in 2010, SoLayTec is a spin off from Dutch research organization TNO and operates out of Eindhoven, Holland.
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