Rofin-Sinar buys Z-Laser in Spanish deal

17 Jun 2002

US laser company seeks to increase its share of the Iberian market.

Laser manufacturer Rofin-Sinar Technologies (RSTI) has announced that its Spanish subsidiary, Rofin-Baasel Espana, has bought 80% of the stock of Z-Laser, a Spanish firm that specializes in the marketing of industrial-laser solutions and the design and assembly of laser marking systems.

The purchase took the form of a cash transaction and is effective from 22 February. The terms of the deal were not disclosed.

"The acquisition of Z-Laser streamlines and strengthens our position in the Iberian market, where the use of lasers for materials processing is not as well established as in other European countries," said Peter Wirth, chairman and CEO of RSTI. "With Z-Laser's many years of experience and in-depth market knowledge, we expect to increase our share in this emerging laser-technology market. In our next step, we plan to merge Z-Laser with Rofin-Baasel Espana, a wholly owned subsidiary of RSTI."