Manz AG signs takeover agreement with Würth Solar for CIGS innovation line

(PresseBox) (Reutlingen, ) Manz AG has today signed the agreement to take over the CIGS innovation line from Würth Solar GmbH & Co. KG, which was announced on November 15, 2011. Along with the plant in Schwäbisch Hall, Manz will engage a total of 118 employees with effect as of January 1, 2012.

At the same time, Würth Solar's licenses and know-how - including from the research co-operation venture with the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) - will transfer to Manz AG. The aim is to drive research and development ahead more rapidly than to date, thereby achieving lower production costs and a further boosting of module efficiencies.

Manz AG

Manz AG - passion for efficiency

Manz AG, headquartered in Reutlingen, Germany, (ISIN: DE000A0JQ5U3) is one of the world's leading high-tech engineering firms. Founded in 1987, in recent years the company has grown from an automation specialist into a supplier of integrated production lines for crystalline solar cells and thin-film solar modules, as well as lines for manufacturing flat panel displays. One of its newest areas of business is the development and manufacture of production systems for lithium-ion batteries.

The company, led by founder Dieter Manz, has been listed on the stock exchange in Germany since 2006, and currently operates production facilities in Germany, China, Taiwan, Slovakia, and Hungary. At the end of the third quarter 2011, Manz AG had approximately 1,950 employees, 900 of which work in Asia. With its new slogan "Passion for Efficiency," Manz's engineers are making a promise to offer its customers - all companies active in important future markets - increasingly efficient production equipment.

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