Rofin-Sinar Acquires PRC, Lee Lasers

PLYMOUTH, Mich., Sept. 3 -- Rofin-Sinar Technologies Inc., a Plymouth, Mich., and Hamburg, Germany-based maker of laser beam sources and laser-based products, announced it has acquired the outstanding shares of capital stock of PRC Laser Corp., based in Landing, N.J., and Lee Laser Inc., based in Orlando, Fla., from Dover Industries Inc., of Elgin, Ill., for an undisclosed amount in cash.

The deal includes PRC’s European subsidiary, PRC Europe NV, of Belgium. PRC makes high-power, fast-axial-flow CO2 lasers and Lee Laser is a producer of solid-state lasers for material processing applications. They have a combined total of about 120 employees and generate an annual turnover of about $30 million (35 percent of sales in North America and 65 percent of export sales to Europe and Asia), Rofin-Sinar said.

Rofin-Sinar said PRC and Lee will continue to market their products under their own brands, separately from the Rofin sales structure, because they serve a distinct customer base.

"We are proud to report that we have found two leading laser producers that fit perfectly within the Rofin group of companies," said Peter Wirth, chairman and CEO of Rofin-Sinar. "This acquisition further strengthens our position in the North American market for industrial lasers, increases our customer base in the US and Asia and bolsters our worldwide leadership in industrial lasers."

PRC and Lee are focused on creating new markets by reducing the overall economics of laser processing, according to a Rofin-Sinar statement.

For more information, visit: www.rofin.com