Kahl am Main, December 07, 2009 - The SINGULUS TECHNOLOGIES AG (SINGULUS), Kahl, acquired the remaining 49 % of the STANGL Semiconductor Equipment AG (STANGL), Fürstenfeldbruck near Munich. A relevant agreement was signed today on December 7, 2009. SINGULUS expects the closing to be completed by the end of the year and will own 100 % of the shares of STANGL after the acquisition.
SINGULUS thus succeeded in advancing the purchase of the STANGL shares ahead of plans and to pay a significantly lower purchase price than for the first tranche in 2007.
With the complete acquisition of STANGL SINGULUS lays the foundation for an even faster expansion in the Solar segment and participation in the future growth in this market.
Press Release
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SINGULUS TECHNOLOGIES AG Acquires 100 % of the Shares of Solar Technology Company STANGL Ahead of Schedule
December 07, 2009