As of March 1st, the target materials business segment of Heraeus is entirely transferred to Materion, based in Mayfield Heights, Ohio. The business covers applications in thin film photovoltaics, among other areas.
Materion’s acquisition includes manufacturing capabilities in Europe, Asia and the USA, as well as new technologies and a specialized workforce of 135 employees, of whom 110 are based in Germany.
“This acquisition provides diversification, critical mass and new opportunities in target related areas including photovoltaics,” says Materion Advance Materials President Donald G. Klimkowicz. “This truly is a winning combination.”
Heraeus looks to be moving away from thin film technologies in its photovoltaic applications. However, the company is still highly active in the PV market, having launched several new products aimed at silicon technologies including PERC and heterojunction at last week's PV Expo Japan in Tokyo. “The photovoltaics segment is one with very good growth potential,” a Heraeus spokesperson told pv magazine. “Heraeus is well equipped to tackle the next phase and to support its customers.”
According to Materion, the target business will generate around $50-60 million in new sales each year. “The transfer from Heraeus to Materion has been smooth, the target businesses have found a good future home and will continue to grow,” says Heraeus CEO Jan Rinnert. “We are now concentrating more on businesses where Heraeus has a strong competitive position and promising growth opportunities.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.