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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.