REUTLINGEN, GERMANY -- Manz has acquired Kleo Halbleitertechnik in a deal that includes technology patents and copyrights covering laser direct imaging of printed circuit boards.
IThe deal closed on June 1. Terms were not disclosed, but all 20 Kleo employees at its Tettnang, Germany, site are included in the transaction.
Manz said Kleo is expected to be fully accretive to its year-end results in its current fiscal year.
Manz CEO and founder Dieter Manz said in a press statement that the deal would help diversify Manz while also adding an important technology offering.
"The expansion of our range of services through the technology Kleo Halbleitertechnik has been developing since it was founded in 2001 is an important milestone for us. Through the use of laser direct imaging based on an innovative multi-beam laser lithography using blue laser diodes, our customers can achieve cost savings of up to 75% in the imaging of printed circuit boards. At the same time, the increase of the level of integration in the production process will lead to a shortening of the overall production cycle by approximately half. With this acquisition, we are once again significantly improving our market position and thereby opening up additional potential for growth. Further diversification within our electronics division furthermore ensures the sustainable stabilization of our business model.
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