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.