Rofin-Sinar acquires PRC Laser, Lee Laser

Sept. 2, 2004
Plymouth, Michigan & Hamburg, Germany, September 2, 2004--Consolidation is in the air in the industrial-laser market. Rofin-Sinar Technologies has acquired all of the outstanding shares of capital stock of PRC Laser Corporation (Landing, NJ) and Lee Laser (Orlando, FL) from Dover Industries for an undisclosed amount in cash. The deal includes PRC's European subsidiary PRC Europe N.V. located in Belgium.

Plymouth, Michigan & Hamburg, Germany, September 2, 2004--Rofin-Sinar Technologies has acquired all of the outstanding shares of capital stock of PRC Laser Corporation (Landing, NJ) and Lee Laser (Orlando, FL) from Dover Industries for an undisclosed amount in cash. The deal includes PRC's European subsidiary PRC Europe N.V. located in Belgium.

PRC manufactures high power, fast-axial-flow CO2 lasers; Lee Laser produces solid-state lasers for material processing applications. With a combined total of 120 employees, the companies generated a yearly turnover of about $30 million, which splits into around 35% of sales in North America and 65% of export sales to Europe and Asia.

PRC and Lee will continue to market their products under their own brands, separately from the Rofin-Sinar sales structure, as they serve a distinct customer base. According to Rofin-Sinar, the acquisitions further strengthen the company's position in the North American market for industrial lasers, increases its customer base in the US and Asia, and bolsters its worldwide leadership in industrial lasers.

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