Welly to Acquire Micronic from Mania
Published: 07 February 2008
by Staff
WEILROD, GERMANY - Mania Technologie today announced an agreement with Century Hi-Tech Limited (Welly) to manufacture Micronic drilling machines. Welly will acquire all Mania shares from the joint venture established in 2005.
Jan Lipton, Mania’s CEO said, “Our strategy is simply to focus and to excel in the things that we do. Mania... will now concentrate on our core imaging, inspection and test products. We have a long standing relationship with Welly, and the joint venture of the last two years has facilitated the technology transfer from Germany to China.”
William Leung Wai Nin, Chairman of Welly added, “Drilling is our business. We were proud to work with Mania as a joint venture partner… and now look forward to continuing our relationship as Mania’s supplier.”
