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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Meyer Burger Technology AG    MBTN   CH0108503795

MEYER BURGER TECHNOLOGY AG

(MBTN)
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Meyer Burger Technology : strengthens its management team with seasoned solar expert

11/05/2020 | 12:57am EST
  • Meyer Burger adjusts its organisation to fit its strategic repositioning as a manufacturer of highly efficient solar cells and solar modules
  • Moritz Borgmann appointed managing director of the newly founded Meyer Burger (Industries) GmbH as of 1 February 2021
  • His responsibilities include solar module sales, marketing, product management and business development

Meyer Burger Tech­nol­ogy Ltd has won a sea­soned solar ex­pert for its fu­ture pro­duc­tion fa­cil­i­ties in Ger­many: Moritz Borgmann (born 1977) is ap­pointed man­ag­ing di­rec­tor of the newly founded Meyer Burger (In­dus­tries) GmbH as of 1 Feb­ru­ary 2021. This en­tity will man­u­fac­ture the highly ef­fi­cient het­ero­junc­tion solar cells and SmartWire solar mod­ules.

Moritz Borgmann will thus be re­spon­si­ble for the sales of solar mod­ules, in ad­di­tion to mar­ket­ing, prod­uct man­age­ment and busi­ness de­vel­op­ment. His focus will be on es­tab­lish­ing the new sales or­ga­ni­za­tion and ex­e­cut­ing Meyer Burger's strat­egy com­mer­cially to achieve the goals of its re­align­ment from an equip­ment man­u­fac­turer to a solar cell and mod­ule man­u­fac­turer.

With a doc­tor­ate in elec­tri­cal en­gi­neer­ing, he has broad ex­pe­ri­ence along the pho­to­voltaic value chain. After start­ing his pro­fes­sional ca­reer in the semi­con­duc­tor in­dus­try, he worked as a man­age­ment con­sul­tant for many years. As a part­ner of the renowned Berlin-based clean­tech con­sul­tancy Apricum, he sup­ported well-known clients world­wide in the con­cep­tual de­sign of growth strate­gies and new busi­ness mod­els as well as in M&A trans­ac­tions with a focus on the pho­to­voltaic in­dus­try. In this func­tion, he al­ready ad­vised Meyer Burger on the de­vel­op­ment and im­ple­men­ta­tion of the new busi­ness strat­egy.

'We are very pleased to win Moritz Borgmann, an in­ter­na­tion­ally ex­pe­ri­enced and recog­nised ex­pert in the field of pho­to­voltaics, for the trans­for­ma­tion of Meyer Burger,' says CEO Gunter Er­furt. 'He is a per­fect ad­di­tion to our team. With his en­tre­pre­neur­ial spirit, he will make a de­ci­sive con­tri­bu­tion to the suc­cess­ful strate­gic repo­si­tion­ing of Meyer Burger.'

Mean­while, the es­tab­lish­ment of Meyer Burger's own pro­duc­tion fa­cil­i­ties for solar cells and solar mod­ules in Bit­ter­feld (Sax­ony-An­halt) and Freiberg (Sax­ony) is going ac­cord­ing to plan. The start of pro­duc­tion is sched­uled for the sec­ond quar­ter of 2021. Sales of the high-ef­fi­ciency mod­ules will ini­tially start in the DACH re­gion and in West­ern Eu­rope. The first sales staff with ex­per­tise in the pre­mium seg­ment have al­ready been re­cruited for Moritz Borgmann's fu­ture team in rel­e­vant Eu­ro­pean mar­kets.

Media con­tacts:
Meyer Burger Tech­nol­ogy AG
Anne Schnei­der
Head Cor­po­rate Com­mu­ni­ca­tions
Tel +4937236712235 | Mob +49 174 349 17 90
anne.​schneider@​meyerburger.​com

Dy­nam­ics Group AG
An­dreas Durisch, Se­nior Part­ner
Tel +41 43 268 27 47 | Mob +41 79 358 87 32
adu@​dyn​amic​sgro​up.​ch

Disclaimer

Meyer Burger Technology AG published this content on 05 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2020 05:56:04 UTC


© Publicnow 2020
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Sales 2020 103 M 116 M 116 M
Net income 2020 -66,1 M -74,4 M -74,4 M
Net cash 2020 126 M 142 M 142 M
P/E ratio 2020 -13,0x
Yield 2020 -
Capitalization 946 M 1 062 M 1 065 M
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EV / Sales 2021 8,83x
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Gunter Erfurt Chief Executive & Technology Officer
Franz Richter Chairman
Jürgen Schiffer Chief Financial Officer
Andreas R. Herzog Non-Executive Director
Mark Kerekes Director
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