Rofin-Sinar to Buy Nufern
HAMBURG, Germany, Dec. 28, 2007 -- German laser maker Rofin-Sinar Technologies Inc. (RSTI) will acquire Nufern, an East Granby, Conn., manufacturer of fiber lasers, as a subsidiary, in a cash transaction. Further terms of the deal, expected to be closed in the first quarter of 2008, were not disclosed.
Nufern will continue to operate as a stand-alone company and will provide its products to its existing customers, including other laser manufacturers, RSTI said in a statement.
Founded in 2000, Nufern makes specialty fibers and fiber laser modules for use in material processing and in the telecommunications, military and defense industries. In June 2007, Nufern launched its first industrial continuous-wave fiber laser with an output power of 200 W. It has approximately 70 employees and markets its products globally to an OEM-customer base through its sales network, distributors and via the Internet.
"This is a very important acquisition for Rofin-Sinar, not only because we are adding new products to our portfolio but also because we are further strengthening our technology base and enhancing the vertical integration needed to economically manufacture fiber lasers," said Gunther Braun, CEO and president of RSTI. "We are confident that the talents and skills of Nufern will contribute to the future success of our Group."
Nufern President Martin Seifert said the deal will facilitate the company's advancement in the fiber laser market. "The entire Nufern team approaches this milestone transaction with excitement and energy," he said. "Nufern is proud to team with Rofin, a market leading industrial laser manufacturer, with a strong worldwide presence."
Rofin-Sinar also has US headquarters in Plymouth, Mich., and production facilities in the US, Germany, UK, Sweden, Finland, Singapore and Japan.
For more information, visit: www.rofin.com