SWISS SUN GIANT SOLD TO JAPAN

Oerlikon Sells Solar Business To Semiconductor Firm Tokyo Electron Ltd.
2 March 2012 (Solar Industry)

"The Oerlikon Group, based in Switzerland, has agreed to a contract calling for the divestment of its solar segment to Japan-based Tokyo Electron Ltd. (TEL), a supplier of semiconductor production equipment…Oerlikon Solar, which provides thin-film solar equipment, currently has 870 MW of contracted capacity and 15 customers in production."

Japan is going to want even more capacity now that it is all but done with nuclear so look for more acquisitions. (click to enlarge)

"According to Dr. Michael Buscher, CEO of Oerlikon Group, TEL represents an ideal strategic buyer for Oerlikon Solar, whose customer base is predominantly Asian. TEL and Oerlikon have previously worked together under long-term partnership agreements."