Trumpf Group Assumes Control Over SPI Lasers

Ditzingen, Germany-based machine tool and laser manufacturer Trumpf GmbH + Co. KG announced it assumed control of SPI Lasers effective Oct. 7, 2008. Trumpf submitted the bid, which became effective after SPI shareholders approved the sale of more than 90 percent of the Southampton, England-based company’s shares to Trumpf (See: Trumpf Acquiring SPI Lasers) . Fiber laser maker SPI has a global distribution network which Trumpf intends to maintain and expand.