Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today the closing of the sale of its subsidiary AIS Automation Dresden GmbH (Germany) to S&T AG in Linz (Austria). The two companies had signed a contract to this effect on October 24, 2019. S&T AG is taking over all business units of AIS as well as approximately 140 employees. The agreed purchase price is in the order of CHF 14 million in cash. Meyer Burger anticipates an accounting profit arising from the transaction of around CHF 2 million. This accounting profit arises net after a goodwill recycling charge of just under CHF 5 million.
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