DGAP-News: Rofin-Sinar Technologies Inc.: ROFIN-SINAR ACQUIRES THE SWISS COMPANY LASAG AG, A SPECIALIST IN LASER MICRO PROCESSING, FROM THE SWATCH GROUP LTD.
(firmenpresse) - Rofin-Sinar Technologies Inc. / Key word(s): Acquisition
01.10.2010 10:00
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- PRESS RELEASE -
ROFIN-SINAR ACQUIRES THE SWISS COMPANY LASAG AG, A SPECIALIST IN LASER
MICRO PROCESSING, FROM THE SWATCH GROUP LTD.
Plymouth, MI, USA / Hamburg, Germany / Biel/Bienne, Switzerland - October
1, 2010 - ROFIN-SINAR Technologies Inc. (NASDAQ: RSTI) and THE SWATCH GROUP
LTD. (SIX: UHRN.S / UHR.VX) today announced that ROFIN-SINAR Technologies
Inc. has acquired Thun, Switzerland based LASAG AG, including the worldwide
LASAG operations from THE SWATCH GROUP LTD. for an undisclosed amount in a
cash transaction, which is subject to customary closing conditions. Further
terms of the acquisition have not been disclosed.
Founded in 1974, LASAG AG (www.lasag.com) is one of the original laser
companies with more than 30 years of experience in the development and
manufacturing of industrial solid-state lasers. LASAG markets and sells its
laser products for fine cutting, spot welding, drilling and scribing
applications to the medical device, automotive, electronic and aerospace
industries. In addition, the company has special expertise in
high-precision drilling and laser processing heads. Headquartered in Thun,
Switzerland, the company has approximately 80 employees worldwide and
maintains offices in the US, Japan, Germany and Italy. The LASAG locations
in Thun, Switzerland, and Chicago, IL, USA, will be maintained. With this
step, THE SWATCH GROUP LTD. consequently continues its strategy to refocus
on its successful core business. In parallel, this will allow LASAG AG to
grow more dynamically in the future.
'This is an important acquisition for ROFIN-SINAR, as we continue to extend
our broad product portfolio and to expand our worldwide customer base,'
said Günther Braun, CEO and President of RSTI. 'LASAG's products will round
off our laser source and system offering for micro processing and we are
confident that the talents and skills of the LASAG team will contribute to
the future success of our Group, and will further strengthen our position
in the laser market for material processing.'
With operational headquarters in Plymouth, Michigan, and Hamburg, Germany,
ROFIN-SINAR Technologies Inc. is one of the world's leading developers and
manufacturers of high-performance laser beam sources and laser-based
solutions. The company designs, develops, engineers and manufactures laser
sources and laser-based system solutions for a wide range of applications.
With production facilities in the US, Germany, UK, Sweden, Finland,
Singapore and China, ROFIN-SINAR is one of the world's leading designers
and manufacturers of industrial lasers and
currently has more than 33,000 laser units installed worldwide and serves
more than 3,000 customers. ROFIN-SINAR's shares trade on the NASDAQ Global
Select Market under the symbol RSTI and are listed in Germany in the 'Prime
Standard' segment of the Frankfurt Stock Exchange under ISIN US7750431022.
Additional information is available on ROFIN-SINAR's home page:
http://www.rofin.com.
THE SWATCH GROUP LTD. is the world's number one maker of finished watches.
Group companies sell watches under nineteen different brands and the
multibrand Tourbillon retail mark. Presentin all segments of the retail
watch market, the Group is also active in the manufacture and sale of
jewelry, watch movements and components. THE SWATCH GROUP LTD. supplies
nearly all components required to manufacture its finished watches and
supplies movements and components to third-party watchmakers in Switzerland
and around the world. THE SWATCH GROUP LTD. is also the most important
player in advanced nanomechanical and nanoelectronic technologies essential
to watchmaking and other industries. The Group employs 23,500 persons in
over 50 countries. Gross sales in 2009 CHF 5,421 million. Operating profit
of CHF 903 million or 17.6% on net sales. Additional information is
available on THE SWATCH GROUP LTD's homepage http://www.swatchgroup.com.
ROFIN-SINAR Technologies Inc.
Investor Relations
Katharina Manok
ir(at)rofin.com
+49-40-733-63-4256
THE SWATCH GROUP LTD.
Béatrice Howald
Spokesperson
+41 32 343 68 33
press(at)swatchgroup.com
01.10.2010 10:00 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Rofin-Sinar Technologies Inc.
40984 Concept Drive
MI 48170 Plymouth
Vereinigte Staaten von Amerika
Phone: + 49 (0)40 - 73363-4256
Fax: + 49 (0)40 - 73363-4138
E-mail: ir(at)rofin.com
Internet: www.rofin.com
ISIN: US7750431022
WKN: 902757
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Stuttgart, Hannover;
Foreign Exchange(s) Nasdaq
End of Announcement DGAP News-Service
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Datum: 01.10.2010 - 10:00 Uhr
Sprache: Deutsch
News-ID 32294
Anzahl Zeichen: 0
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Kategorie:
Business News
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