Rofin-Sinar to acquire 80% of Nanjing Eastern Laser

Sept. 8, 2008
Rofin-Sinar Technologies Inc., a developer and manufacturer of laser beam sources and laser-based solutions, has announced it will acquire 80% of the share capital of China-based Nanjing Eastern Laser Company Ltd. (NELC) in two separate transactions.

Rofin-Sinar Technologies Inc., a developer and manufacturer of laser beam sources and laser-based solutions, has announced it will acquire 80% of the share capital of China-based Nanjing Eastern Laser Company Ltd. (NELC) in two separate transactions.

In one transaction, which was processed through a Chinese equity transfer center's formal bidding process, the company will acquire 35.2% of NELC's share capital from Nanjing Sanle Group Co. Ltd. Rofin-Sinar was the only bidder when the bidding period ended on September 3. In a second transaction, Rofin-Sinar acquired an additional 44.8% of the share capital of NELC from SIDA Corp. (USA). Both transactions will be funded with Rofin-Sinar's existing cash position and are expected to close within 4-6 weeks. Further terms of the acquisition have not been disclosed.

Jointly established by Nanjing Sanle Group Co. Ltd. (China) and SIDA Corp. in 1993, NELC has had two decades of experience in the Chinese laser market. The company has maintained a close cooperation with Rofin-Sinar since 1993 and has been authorized to manufacture SM COB2 Blasers using Rofin's technological know-how since 2004.

The company's product lines are largely comprised of high power, fast-axial flow COB2B
lasers, with a power range of up to 3kW as well as NC-based laser processing equipment. NELC has ~70 employees and is ISO 9001-2000 certified. NELC will continue to operate as a stand-alone company and market its products through its own sales network to its primarily Chinese customer base.

"We are very pleased to add NELC to the Rofin group, as we have found a reliable partner with long-standing expertise in the manufacture of COB2B laser technology in the Chinese market. Through this acquisition, we will broaden our manufacturing capacities. We are confident that the talent and skills of Nanjing Eastern Laser's employees will further strengthen our market position in China," commented Günther Braun, CEO and president of RSTI.

"We are happy and proud to team up with Rofin, a market leader in industrial laser manufacturing. Becoming a part of such a large company will open up new resources for NELC in terms of technology know-how and investment, both of which will enhance the potential expansion of our business," added Dr. Su-Don Hong, president of Nanjing Eastern Laser Company Ltd.

Sponsored Recommendations

Brain Computer Interface (BCI) electrode manufacturing

Jan. 31, 2025
Learn how an industry-leading Brain Computer Interface Electrode (BCI) manufacturer used precision laser micromachining to produce high-density neural microelectrode arrays.

Electro-Optic Sensor and System Performance Verification with Motion Systems

Jan. 31, 2025
To learn how to use motion control equipment for electro-optic sensor testing, click here to read our whitepaper!

How nanopositioning helped achieve fusion ignition

Jan. 31, 2025
In December 2022, the Lawrence Livermore National Laboratory's National Ignition Facility (NIF) achieved fusion ignition. Learn how Aerotech nanopositioning contributed to this...

Nanometer Scale Industrial Automation for Optical Device Manufacturing

Jan. 31, 2025
In optical device manufacturing, choosing automation technologies at the R&D level that are also suitable for production environments is critical to bringing new devices to market...

Voice your opinion!

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