ROFIN-SINAR Acquires 100% of Corelase Oy, a Specialist in Semiconductor, Optics and Fiber Technology
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PLYMOUTH, Mich. and HAMBURG, Germany, April 2: ROFIN-SINAR Technologies Inc. (NASDAQ:RSTI), one of the world's leading developers and manufacturers of high-performance laser beam sources and laser- based solutions, today announced that it has acquired 100% of the common stock of Corelase Oy, based in Tampere, Finland, in a cash transaction. Further terms of the acquisition have not been disclosed.
Founded in 2003, Corelase Oy (www.corelase.fi) has considerable experience in semiconductors, optics, and fiber technology. The company's product lines include fiber-coupled diode laser systems, continuous-wave and ultra short pulse mode-locked fiber laser systems, and components such as diode lasers for a wide range of material processing applications. Corelase has expanded its presence in several Asian and European countries through exclusive agreements with distributors. In order to penetrate the North American market, Corelase Oy has maintained a US partnership since 2006. Corelase will continue to operate as stand-alone company and provide their products to other laser companies.
"This is an important acquisition for Rofin-Sinar, as we continue to broaden and deepen our technological portfolio," said Gunther Braun, CEO and President of RSTI. "We have been evaluating this technology for a long time and are confident that the talents and skills of Corelase will contribute to the future success of our Group, and will further strengthen our position in the market for laser material processing."
"We are proud of now being a part of the Rofin Group. Access to the Group's technological and financial resources, will place us on the fast track to becoming one of the major suppliers of fiber lasers," commented Harry Asonen, President of Corelase Oy.
With operational headquarters in Plymouth, Michigan, and Hamburg, Germany, ROFIN-SINAR Technologies Inc. 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, Singapore and Japan, ROFIN-SINAR is one of the world's leading designers and manufacturers of industrial lasers and currently has more than 25,000 laser units installed worldwide and serves more than 3,000 customers. ROFIN-SINAR's shares trade on the NASDAQ National Market System under the symbol RSTI and are listed in Germany in the "Prime Standard" of the Frankfurt Stock Exchange under ISIN US7750431022. Additional information is available on ROFIN-SINAR's home page: http://www.rofin.com/.
Source: ROFIN-SINAR Technologies Inc.
CONTACT: Katharina Manok Gunther Braun, both of Rofin-Sinar, 734-416- 0206, 011-49-40-733-63-256
Web site: http://www.rofin.com/
