Bruker AXS Announces Agreement to Acquire Atomic Force Microscopy (AFM) Company S.I.S. Surface Imaging Systems GmbHNANOStation H
18 August 2008 - 9:05PM
Business Wire
Bruker AXS GmbH today announced that it has signed an agreement to
acquire all of the equity of S.I.S. Surface Imaging Systems GmbH, a
company with annual revenues of approximately $3 million. The
transaction is expected to close in the third quarter of 2008, and
no further financial details were provided. S.I.S. Surface Imaging
Systems GmbH is located in Herzogenrath, near Aachen, Germany.
S.I.S. develops, manufactures and distributes advanced atomic
force/scanning probe microscopy systems (AFM/SPM) for numerous
applications in materials research, including semiconductors, data
storage, electronic materials, solar cells, polymers and catalysts.
AFM/SPM is a well-established method for ultra-high spatial
resolution surface imaging and the characterization of surfaces
down to atomic dimensions. The global SPM market had an estimated
total market size of $200-300 million in 2007. S.I.S. offers a
product range from bench-top high-performance AFM-only microscopes
to integrated high-end AFM/optical microscopy (OM) combinations,
all the way to large floor-standing AFM/OM combination instruments
for the characterization of 300mm wafers in a clean room
environment. The S.I.S. core technology includes extremely compact
AFM/SPM subunits which can be integrated easily with other
analytical instruments such as optical microscopes, Raman
microscopes or micro-hardness testers. S.I.S. Surface Imaging
Systems GmbH was founded in 1993 by Dr. Frank Saurenbach and Dr.
Hans-Achim Fuss, two physicists with extensive experience in
AFM/SPM technology. After the acquisition, S.I.S. will remain in
Herzogenrath and will be renamed to �Bruker Nano GmbH�. Drs.
Saurenbach and Fuss will continue to lead the business as Managing
Directors. While successful S.I.S. distributors will be retained,
Bruker AXS will contribute its global materials research marketing,
technical sales, demonstration, training and service capabilities,
as well as R&D and operating management assistance, to
accelerate the revenue and margin growth of the future Bruker Nano
GmbH. Dr. Saurenbach, Managing Director of S.I.S., stated: "We are
very excited about this acquisition because we see a strong
potential for revenue growth using Bruker AXS' global distribution
capabilities. Being part of the international Bruker AXS
organization will enable us to grow our customer base around the
globe and offer our existing customers enhanced applications
support and service capabilities for our innovative, high quality
AFM products." Dr. Fuss, Managing Director of S.I.S., added: �We
are looking forward to strengthening our R&D activities for the
AFM/SPM products under the new ownership of Bruker AXS.� Dr. Frank
Burgaezy, Executive Vice President of Bruker AXS Inc., commented:
�Many of the AFM/SPM market segments and applications overlap with
those of our X-ray diffraction (XRD) business, making the S.I.S.
products an excellent addition for our established worldwide XRD
sales force. This clear marketing and distribution synergy is
expected to be a major driver for the growth of our new Bruker
AFM/SPM product line.� ABOUT BRUKER AXS: For more information about
Bruker AXS and Bruker Corporation (NASDAQ: BRKR), please visit
www.bruker-axs.com or www.bruker.com. CAUTIONARY STATEMENT Any
statements contained in this press release that do not describe
historical facts may constitute forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of
1995. Any forward-looking statements contained herein are based on
current expectations, but are subject to a number of risks and
uncertainties. The factors that could cause actual future results
to differ materially from current expectations include, but are not
limited to, risks and uncertainties relating to the integration of
businesses we have acquired or may acquire in the future, changing
technologies, product development and market acceptance of our
products, the cost and pricing of our products, manufacturing,
competition, dependence on collaborative partners and key
suppliers, capital spending and government funding policies,
changes in governmental regulations, intellectual property rights,
litigation, and exposure to foreign currency fluctuations. These
and other factors are identified and described in more detail in
our filings with the SEC, including, without limitation, our annual
report on Form 10-K for the year ended December 31, 2007, our most
recent quarterly reports on Form 10-Q and our current reports on
Form 8-K. We disclaim any intent or obligation to update these
forward-looking statements other than as required by law.
Bruker (NASDAQ:BRKR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Bruker (NASDAQ:BRKR)
Historical Stock Chart
From Jul 2023 to Jul 2024