Swift Solar, a company that designs and manufactures Perovskite-based photovoltaic cells, has acquired the core manufacturing assets and intellectual property (IP) of Meyer Burger, a manufacturer of solar cells and modules.
The acquisition includes a GW-scale silicon heterojunction (HJT) manufacturing equipment, a deep global IP portfolio, as well as a team of manufacturing veterans, equipment engineers, and silicon experts. The team is led by former CEO of Meyer Burger, Gunter Erfurt, and former Global Head of R&D Marcel Koenig.
With this acquisition, Swift Solar plans to build a GW-scale HJT cell and module manufacturing facility in the U.S. The company also plans to add perovskite tandems to the same factory.
Meyer Burger filed for Chapter 11 protection for its debtor affiliates Meyer Burger (Arizona), Meyer Burger (Americas), Meyer Burger (America) Lease, and solar module manufacturer Goodyear in June 2025. Following this, Waaree Solar Americas announced the acquisition of Meyer Burger’s machinery and equipment for solar module production. Space-focused solar company Solestial also announced it has acquired Meyer Burger (Germany)’s manufacturing equipment.
Swift Solar, founded in 2017, is a spin-out from Stanford, MIT, and NREL. The company focuses on tandem technology, combining perovskite and silicon materials.
In June 2024, Swift Solar had raised $27 million in a Series A funding round co-led by Eni Next, Eni’s corporate venture capital arm, and Fontinalis Partners, a mobility and deep tech VC firm that invests in startup companies. With this round, the company’s total funding had risen to $44 million.
In addition, the company announced the completion of a demonstration of its perovskite tandem solar technology during a defense exercise in collaboration with the U.S. Department of Defense (rebranded as the Department of War).
According to Mercom’s Annual and Q4 2025 Solar Funding and M&A report, corporate M&A activity was 17% higher YoY in 2025, with 96 transactions compared to 82 in 2024.
