Centrotherm photovoltaics AG has consistently implemented a further step in its ongoing reorganization process. Michael Glatt Maschinenbau GmbH, a wholly-owned subsidiary of centrotherm SiTec GmbH, will be sold to Büechl Handels- und Beteiligungs-KG, a company that has its roots in Regensburg, with effect as of September 5, 2012.

As a consequence, centrotherm has successfully taken a further step to rationalize its strategic portfolio, and to concentrate on its core competencies.

"Along with the successful sale, we also maintained all jobs and the previous management of Michael GLATT Maschinenbau," noted Dr. Thomas Riegler (CFO), who managed the disposal process.

Michael Glatt Maschinenbau GmbH has many years of experience in the production of vessels and apparatus, and in welding technology. The former centrotherm subsidiary will remain connected as a supplier for current and future projects.