euro adhoc: centrotherm photovoltaics AG / Mergers - Acquisitions - Takeovers / centrotherm photovoltaics acquires solar silicon specialist SolMic

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Company Information

22.08.2008

centrotherm photovoltaics acquires solar silicon specialist SolMic

- Consistent implementation of Group strategy - Expansion of the
high-growth solar silicon division - Plan to integrate centrotherm
Thermal Solutions by increasing non-cash capital - Expertise for
fully integrated factories entirely under one roof

Blaubeuren, August 22, 2008 - centrotherm photovoltaics AG,
Blaubeuren, is consistently pursuing its strategy of integrating key
equipment and technology into the Group. The aim is to further expand
technology leadership along the solar value-creation chain. The
Management Board, with the agreement of the Supervisory Board, has
today signed an agreement relating to the complete takeover of SolMic
GmbH, Burghausen. SolMic is a specialist for technology and
engineering services revolving around design and process-optimization
for the production of polysilicon, ingot and wafers. The complete
acquisition of this important company for its solar silicon division
allows centrotherm photovoltaics to combine technology and plant
engineering. It allows the company to completely combine its
expertise for fully integrated factories under one roof.

centrotherm photovoltaics has so far held 50 percent of SolMic via
its subsidiary GP Solar GmbH. Managing director Dr. Albrecht Mozer
held the remaining shares. SolMic, with a workforce of 30 employees,
generated total output of EUR 10 million in the first half of 2008.
The company achieved total output of around EUR 13.1 million in 2007
financial year. Confidentiality was agreed concerning the purchase
price, which consists of equity and cash components. Dr. Albrecht
Mozer (56) was CTO of a renowned, German manufacturer of polysilicon,
ingot and wafers, before founding SolMic. The complete acquisition of
SolMic also allows centrotherm photovoltaics to raise its direct
stake in the former centrotherm SiQ GmbH joint-venture from 80.5
percent to 100 percent. centrotherm photovoltaics procures key
equipment for the manufacturing of solar silicon, particularly
Siemens reactors and converters, as well as vent gas recovery plants,
via centrotherm SiQ. centrotherm SiQ has also reported highly
successful business performance: centrotherm SiQ, with a workforce of
around 30 employees, generated total output of EUR 5.9 million as of
June 30, 2008. Total output was EUR 0.8 million in 2007. The next
step envisages merging both subsidiaries in order to simplify
structures. Dr. Albrecht Mozer will manage the merged company, and
will be responsible for all centrotherm photovoltaics' activities in
the solar silicon area in the future.

As part of the consistent pursuit of its strategy of integrating key
equipment and technology into the company, the management and
supervisory boards of centrotherm photovoltaics are currently
examining the option of integrating sister company Thermal Solutions
GmbH & Co. KG into the Group by way of an increase in non-cash
capital. Thermal Solutions GmbH & Co. KG is a leading producer of
manufacturing plant for the photovoltaics and semiconductor
industries, and centrotherm photovoltaics' largest supplier.

---- End of the ad hoc announcement ----

centrotherm photovoltaics AG
Johannes-Schmid-Strasse 8
89143 Blaubeuren
Internet: www.centrotherm-pv.de

ISIN: DE000A0JMMN2
WKN: A0JMMN
Admitted to the Regulated Market/Prime Standard, Frankfurt Securities
Exchange
Corporate domicile: Germany

end of announcement euro adhoc
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ots Originaltext: centrotherm photovoltaics AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Company contact:

Saskia Schultz-Ebert

Senior Manager Investor Relations

Tel: +49 7344 918-8890

E-mail: saskia.schultz-ebert@centrotherm.de

Press contact:

Christina Siebels, Grit Pauli

HOSCHKE & CONSORTEN Public Relations GmbH

Tel: +49 40 3690 50-58 /-31

E-mail: c.siebels@hoschke.de; g.pauli@hoschke.de

Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Börsen: Börse Frankfurt / regulated dealing/prime standard