Meyer Burger announced that it is selling its PixDro inkjet printing business to Germany-based Suss MicroTec SE. The agreed price is $5 million, and the transaction is expected to be completed by the end of February 2020. Meyer Burger reveals that PixDro currently has annual sales of around $8 million. This transaction continues Meyer burger's strategic focus on its solar (PV) business.
PixDro develops and manufactures inkjet printing equipment for for the electronics and semiconductor industries. PixDro started out as a startup in Isarel, and was later integrated into the Netherlands-based OTB-Group, which was later renamed Roth & Rau AG, which was then acquired by Meyer Burger. The company continues its journey and will now be part of Suss MicroTec.
PixDro has always been active in the OLED inkjet printing market, for deposition of displays and encapsulation layers. In January 2017 Meyer Burger announced that it has shipped a CONx TFE OLED encapsulation system to an Asian customer. This system included two deposition technologies, inkjet printing and PECVD to offer a complete encapsulation solution for flexible OLEDS.