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Article: Orbotech Expands into Inkjet Printing Technology for PCBS Through the Acquisition of New System.
- Article from:
- Business Wire
- Article date:
- May 14, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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YAVNE, Israel -- ORBOTECH LTD. (NASDAQ/NM SYMBOL: ORBK) today announced that it has signed a definitive agreement to purchase New System Srl, a privately held company that develops and markets inkjet printing solutions for the bare printed circuit board ("PCB") industry.
Orbotech will pay 5.75 MEU to the stockholders of New System for the acquisition of all of the outstanding shares of New System. In addition, New System will have approximately 4 MEU in net liabilities immediately following the acquisition, including approximately 1 MEU in stockholder loans which will be repaid following the closing.
For Orbotech, this acquisition is another step in the ...