been placed on the areas of solar cell production and connection, i.e. on heterojunction cell coating and SmartWire Connection Technology (SWCTTM) for cell connection. In this context, the entire "Sawing and Cutting Technology" division was sold to Precision Surfacing Solutions in May 2019. While the company is still headquartered in Thun, Meyer Burger operates its main production site in Hohenstein-Ernstthal (Germany), where Meyer Burger acquired a majority stake in Roth & Rau in 2011. In 2019, Meyer Burger became the largest shareholder in Oxford Photovoltaics, a spin-off company from the University of Oxford in the field of perovskite photovoltaics and solar cells. The company has developed new solar cells that extract more energy from sunshine. Meyer Burger will also mass-produce their perovskite solar cells on silicon heterojunction (HJT) tandem cells, under a strategic and exclusive cooperation agreement. On 1 April 2020, the former chief technology officer, Gunter Erfurt, took over the position of Group CEO. He was previously managing director of Meyer Burger Germany Ltd and previously managed the main production site in Hohenstein-Ernstthal. In June 2020, a change in strategy was announced, which will transform Meyer Burger into a technologically leading manufacturer of solar cells and solar modules. Initially, a production capacity of 400 megawatts per year is to be started at production facilities in Freiberg in Saxony and Bitterfeld-Wolfen in Saxony-Anhalt. By 2022 the capacities are to be expanded to 1.4 gigawatt cell and 0.8 gigawatt module production. In the long term, the production volume of 5 gigawatts per year is targeted. Meyer Burger manufactures the production facilities in Hohenstein-Ernstthal. The plan is to create up to 3,000 jobs. At an Extraordinary General Meeting on 10 July 2020, the shareholders approved the transformation of the company from a supplier to a module manufacturer and the associated capital increase. In this capital increase, just under 99 percent of the subscription rights were exercised, thus raising 165 million Swiss francs. Here, Sentis Capital has committed to assume 50 million Swiss francs gross proceeds as backstop. The change in strategy followed a public debate between the board of directors, led by Remo Lütolf as chairman and Hans Brändle as CEO, and the shareholders, including Sentis Capital and Elysium Capital, which resulted in the election of shareholder representatives Mark Kerekes and Urs Fähndrich to the board of directors. The major shareholder Sentis Capital had already demanded this strategic shift in 2018. Heterojunction