BTU acquires further solar processing expertise

Edited by the Electronicstalk editorial team Feb 27, 2006

BTU International has acquired Radiant Technology Corporation, a leading supplier of inline near-infra-red furnaces and dryers primarily used in the solar energy industry.

BTU International has acquired Radiant Technology Corporation (RTC), a leading supplier of inline near-infra-red furnaces and dryers primarily used in the solar energy industry.

Both organisations have entered into a purchase and sale agreement under which BTU will acquire the product lines, trademarks and other related assets of RTC.

BTU will assume overall responsibility for the products in terms of cost reductions, new product development, commercialisation and worldwide customer support.

Paul van der Wansem, Chairman and CEO of BTU International comments: "The inclusion of the RTC products within the BTU family of products will allow for a stronger competitive position in the global marketplace".

"In addition, the RTC technology and products provide a good fit with BTU's strategic expansion of the energy generation segment of our business and strengthens our position in the photovoltaic market".

"This will enable both parties to capitalise on the opportunities ahead".

The acquisition is subject to customary closing conditions and BTU expects that the acquisition will be completed by early March.