Search
Menu
Zurich Instruments AG - Boost Your Optics 1-24 LB

Siemens Sells All Shares of Its Rofin-Sinar Group

Facebook X LinkedIn Email
Munich-based Siemens AG has divested itself of its laser-manufacturing subsidiary, the Rofin-Sinar Group, by selling all of the group's 10 million shares of stock at $9.50 per share. Formerly part of the conglomerate's KWU Power Generation Group, Rofin-Sinar and its laser materials-processing and marketing systems were no longer considered a core activity to the company. The transaction represents the first time Siemens has sold off a peripheral holding publicly. Rofin-Sinar's operations will be consolidated into a holding company, Rofin-Sinar Technologies Inc., based in Plymouth, Mich.Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    White Papers


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: November 1996
    BusinessindustrialKWU Power Generation Grouplight speedRofin-Sinar GroupSiemens AG

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.