The approximately 30 employees will transfer from Meyer Burger (Netherlands) B.V. to Süss MicroTec SE.
The contract is subject to standard market completion conditions with completion of the transaction expected towards the end of February 2020.
The agreed purchase price for the business with annual sales of approximately CHF 8 million is approximately CHF 5 million in cash.
Meyer Burger anticipates an accounting profit arising from the transaction of around CHF 3 million.
"With this divestment, an optimal solution has been achieved for all parties. As part of Süss MicroTec, the PiXDRO technology has good prospects for growth," Meyer Burger CEO Hans Brändle said regarding the decision to sell. "This transaction is a further step in Meyer Burger's focus on a strategic PV business with our successful Heterojunction/SmartWire technologies as well as on promising next-generation cell technologies."