Conzzeta to acquire China's DNE Laser

April 4, 2016
Conzzeta, parent company of Bystronic, has signed a binding agreement to acquire DNE Laser.

Conzzeta (Zurich, Switzerland), parent company of Bystronic (Elgin, IL), has signed a binding agreement to acquire DNE Laser (Shenzen, China). The closing of the transaction is planned by mid-year 2016, subject to regulatory approval. Conzzeta will acquire a 51% stake, with a long-term option to increase the position.

DNE Laser, founded in 2008, employs approximately 400 employees and operates profitably, generating revenue of CNY 335 million (approx. $53 million) in 2015. The company complements the Sheet Metal Processing business of Bystronic, which supplies solutions for sheet metal cutting with a global footprint, employs close to 1700 employees, and generated revenue of CHF 570.9 million (approx. $592 million) in 2015, primarily with high-end laser cutting solutions.

DNE Laser, by contrast, covers the middle- and lower-end product segments of laser cutting equipment, with a focus on China and Southeast Asia. The company will operate with its own brand and a dedicated sales and service organization within the Bystronic business unit of Conzzeta.

Zhang Yonghong, founder, president, and CEO of DNE Laser, will remain CEO and join the Group Executive Team of Bystronic.

Sponsored Recommendations

Request a quote: Micro 3D Printed Part or microArch micro-precision 3D printers

April 11, 2024
See the results for yourself! We'll print a benchmark part so that you can assess our quality. Just send us your file and we'll get to work.

Request a free Micro 3D Printed sample part

April 11, 2024
The best way to understand the part quality we can achieve is by seeing it first-hand. Request a free 3D printed high-precision sample part.

How to Tune Servo Systems: The Basics

April 10, 2024
Learn how to tune a servo system using frequency-based tools to meet system specifications by watching our webinar!

Precision Motion Control for Sample Manipulation in Ultra-High Resolution Tomography

April 10, 2024
Learn the critical items that designers and engineers must consider when attempting to achieve reliable ultra-high resolution tomography results here!

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!