Orbotech Acquires Inkjet Printing Solutions for PCB Firm
16 May 2007
Orbotech Ltd. announces 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 PCB industry.
Orbotech will pay $5.75 M to the stockholders of New System for the acquisition of all of the outstanding shares of New System.
According to Orbotech, this acquisition is another step in the implementation of its ongoing strategy of growth and diversification by investing in synergistic areas that leverage its core technologies and expertise. By entering into the growing area of inkjet imaging, Orbotech will be able to take advantage of the increasing opportunities that this technology presents.
