centro­therm inter­na­tional AG strengthens its core business by selling its subsi­diary FHR Anlagenbau GmbH to Vital

centro­therm inter­na­tional AG, Blaubeuren, (ISIN: DE000A1T­N­MM9 and DE000A1T­NMN7) today signed a con­tract to sell 100 % of the shares of its sub­si­di­ary FHR Anla­gen­bau GmbH to the Vital group headquartered in Guang­zhou. The clos­ing of the con­tract is expec­ted until end of Feb­ru­ary 2020.

With the sale of the com­pany, the tech­no­logy and sys­tem pro­vider centro­therm stra­tegic­ally focuses on its core com­pet­en­cies in thermal pro­cesses. At the same time, the trans­ac­tion pro­ceeds strengthen the equity of the tech­no­logy and sys­tem sup­plier and cre­ate the basis for future invest-ments in new innov­at­ive pro­duc­tion solu­tions.

The Vital group is focused on rare-metals-based advanced mater­i­als and resource recyc­ling. Vital is the world's lead­ing man­u­fac­turer of sel­en­ium and tel­lurium products as well as a key pro­du­cer of gal­lium, indium, ger­manium and other products. Vital’s products are used by diverse end mar­kets and high-tech applic­a­tions such as semi­con­duct­ors, dis­plays, elec­tron­ics, photo­vol­ta­ics and LED. With the acquis­i­tion of FHR Vital pur­sues its ver­tical integ­rated busi­ness model in the area of thin film mater­i­als and sput­ter­ing tar­gets.

Gunter Fauth, COO of centro­therm inter­na­tional sum­mar­izes: “The sale of our sub­si­di­ary FHR is an import­ant mile­stone for the future devel­op­ment of centro­therm. The pro­ceeds of the trans­ac­tion will also be inves­ted in the devel­op­ment of new pro­duc­tion solu­tions for the photo­vol­ta­ics, semi-con­ductor as well as other indus­tries.” and went on to add: “We see a lot of syn­er­gies between FHR and Vital.”

George Zhu, Chief Exec­ut­ive Officer and founder of Vital sum­mar­izes the trans­ac­tion’s bene­fits as fol­lows: “FHR per­fectly suits in our busi­ness model. Their pro­found ex­per­tise in thin film and their vacuum coat­ing equip­ment will con­trib­ute to a fur­ther expan­sion of Vital’s product and ser­vice port­fo­lio. At the same time, we expand our inter­na­tional pres­ence to twelve coun­tries.”