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News

05 Dec 2019

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

Blaubeuren/​Guang­zhou, Decem­ber 05, 2019 – 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.
Vital Logo

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.”

About centro­therm inter­na­tional AG

centro­therm has been devel­op­ing and real­iz­ing innov­at­ive thermal solu­tions for over 70 years. As a lead­ing and glob­ally oper­at­ing tech­no­logy group, we offer pro­duc­tion solu­tions for the photo­vol­taic, semi­con­ductor and micro­elec­tron­ics indus­tries.

The con­tinu­ous fur­ther devel­op­ment of our suc­cess­ful solu­tions in thermal pro­cessing and coat­ing, such as for man­u­fac­tur­ing crys­tal­line solar cells and power semi­con­duct­ors, form the basis for our suc­cess­ful part-ner­ships with industry, research and devel­op­ment.

Our cus­tom­ers world­wide appre­ci­ate our pro­duc­tion sys­tems' pro­cess sta­bil­ity, scalab­il­ity and avail­ab­il­ity in mass pro­duc­tion. Above and bey­ond this, our work is dis­tin­guished by the fact that we cre­ate high-end pro­cess tech­no­logy solu­tions which are spe­cific for our cus­tom­ers and tailored to their require­ments, and the fact that we are out­stand­ing in sys­tem build­ing.

We jointly con­front the daily chal­lenges of set­ting new trends, max­im­iz­ing the effi­ciency of pro­du­cing, for example, solar cells and semi­con­duct­ors, and secur­ing invest­ments, coupled with our long machine life­times. In this way, we gen­er­ate valu­able com­pet­it­ive advant­ages for our cus­tom­ers through tar­geted pro­cess innov­a­tions and pro­duc­tion solu­tions. Our around 530 staff world­wide are com­mit­ted to the fur­ther devel­op­ment of high-tech solu­tions for key mar­kets.

centro­therm inter­na­tional AG
Württem­ber­ger Str. 31
89143 Blaubeuren
Inter­net: www.centro­therm.world
Ger­man Secur­it­ies Iden­ti­fic­a­tion Num­ber (WKN): A1T­NMM (bearer shares); A1T­NMN (unlis­ted shares from the non-cash cap­ital increase)
ISIN: DE000A1T­N­MM9 (bearer shares); DE000A1T­NMN7 (unlis­ted shares from the non-cash cap­ital in-crease)
Inclu­sion: Basic Board, Frank­furt Stock Exchange
Cor­por­ate dom­i­cile: Ger­many

Con­tact
Nath­alie Albrecht
Man­ager Pub­lic & Investor Rela­tions
Tel: +49 7344 918-6304
E-mail: investor@centro­therm.de