Rofin-Sinar Acquires Z-Laser S.A.
HAMBURG, Germany, March 5 -- Rofin-Sinar Technologies Inc. (RSTI) said that its Spanish subsidiary, Rofin-Baasel Espana S.A., has acquired 80 percent of the stock of Z-Laser S.A. in a cash transaction, effective February 22. Terms of the acquisition were not disclosed.
"The acquisition of Z-Laser streamlines and strengthens our position in the Iberian market, where the use of lasers for materials processing is not as well established as in other European countries," stated Peter Wirth, chairman and CEO of RSTI. "With Z-Laser's many years of experience and in-depth market knowledge, we expect to increase our share in this emerging market for laser technology. In our next step, we plan to merge Z-Laser with Rofin-Baasel Espana, a wholly-owned subsidiary of RSTI."
Z-Laser S.A. recently moved into a new facility in order to expand its assembly area for customized laser marking systems and to prepare for expected future growth.
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