British fibre laser specialist would complement Trumpf product portfolio for lasers in the low power range.

Trumpf has announced its intention, to present a takeover proposal to the shareholders of the British laser company SPI Lasers. TRUMPF will offer 0.4 Pounds Sterling per share (about 0.5 Euros, exchange rate as of September 8, 2008), the offer therefore will amount to 27.8 million Pounds Sterling (about 34.5 million Euros, exchange rate as of September 8, 2008).

"Both companies would benefit from a takeover," emphasizes Peter Leibinger, Vice Chairman of TRUMPF and Head of the Laser Technology and Electronics Division. The market for industrial lasers will continue to grow in the future. This is also true for fibre laser applications in the low power range. SPI Lasers is one of the leading manufacturers for fibre lasers. The company has a broad product portfolio and thus complements TRUMPF's product line. The world-wide distribution network, numerous patents as well as technological expertise are also pluses for SPI Lasers.

"The acquisition gives SPI Lasers and TRUMPF the opportunity to participate in above-average market growth for fibre lasers in the future," states Leibinger. The acquisition would also complement the activities of the joint venture with Jenoptik AG, that was established in 2007. It develops optical modules for fibre lasers.