SPI Lasers Now a Member of the TRUMPF Group
Fibre laser specialist to complement TRUMPF's laser portfolio
Machine tool and laser manufacturer TRUMPF has announced it has assumed control of SPI Lasers effective October 7, 2008. The bid submitted by TRUMPF became effective after shareholders of SPI Lasers approved the sale of more than 90 percent of the company's shares to TRUMPF.
"We are very pleased today to welcome SPI Lasers to the TRUMPF Group," says Peter Leibinger, Vice-Chairman of the Managing Board and Head of the Laser Technology and Electronics Division. "Both companies will benefit from the acquisition," says Leibinger. The market for industrial lasers will continue to grow in the future. This is also true of fibre lasers for applications in the low power range. SPI Lasers is one of the leading manufacturers of fibre lasers. The company has a broad product range which will nicely complement TRUMPF's product portfolio. Its worldwide distribution network, numerous patents as well as its fibre laser manufacturing expertise all speak well of SPI Lasers. "The acquisition offers SPI Lasers and TRUMPF the opportunity to enjoy excellent market growth in the field of fibre lasers in the future," says Leibinger. TRUMPF intends to maintain and expand the merchant laser sales channel established by SPI Lasers. It is expected that other OEM products will be marketed through this channel over time.
David Parker CEO of SPI Lasers added "We too are delighted to have passed this milestone. The team can now focus on delivering quality laser sources to our customers that enhance their product offerings."
About TRUMPF
With sales totaling 2.14 billion for the 2007/08 fiscal year and more than 8,000 employees, the TRUMPF Group ranks among the leading manufacturing companies worldwide. The three following business divisions are combined under the umbrella of a holding company: Machine Tools/Power Tools, Laser Technology/Electronics and Medical Technology. Its core business are machine tools for flexible sheet metal processing for punching and forming, laser processing and bending. In the field of industrial lasers and laser systems, the company is the technological leader on the world market. With about 50 subsidiaries and branch offices, the Group is represented in almost every European country, in North and South America as well as in Asia. Production locations can be found in Germany, Austria, China, Czech Republic, France, Japan, Mexico, Poland, Switzerland, Taiwan and the USA. For more information please visit www.trumpf.com
About SPI Lasers
SPI Lasers is a leading designer and manufacturer of optical fiber-based lasers for use in materials processing applications in a wide range of industries. Headquartered in Southampton, United Kingdom, SPI Lasers has been operating since 2000 and was admitted to AIM on 26 October 2005. SPI Lasers sells its products globally, and has its major business operations, including research and development, and manufacturing, in the United Kingdom, with additional sales and customer support locations in Asia and North America. For more information please visit www.spilasers.com
TRUMPF Group
Corporate Press and Public Relations
TRUMPF GmbH + Co. KG
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Ingo Schnaitmann
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ingo.schnaitmann@de.trumpf.com
SPI Lasers -Corporate Press and Public Relations
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Hedge End
Southampton
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Phone +44 (0)1489 774509
PR@spilasers.com
