REUTLINGEN, GERMANY - Manz Automation has published an acquisition offer for Intech Machines of Taiwan, manufacturer of wet-chemical process systems for the PCB and LCD industry. The company plans to acquire an interest of at least 51% in Intech by the end of March.

The transaction is anticipated to cost $38 million. Intech has about 900 employees in Taiwan and China, with revenues near $73.2 million for fiscal year 2007.

Dieter Manz, company CEO, said, "This acquisition allows us to both expand our value chain for thin-film solar and LCD production, and also to penetrate local production capacity that will play a key role in the future ultra-high growth Asian market." The company is anticipating growth as a result of the acquisition, and will publish its forecast for fiscal year 2008 after successfully completing its acquisition of Intech.