COMET Group to expand its ebeam business with the acquisition of PCT Engineered Systems, LLC, USA
In order to rapidly expand market access and the product portfolio for their innovative ebeam technology, the COMET Group signed a purchase agreement on April 26, 2015 with the system integrator PCT Engineered Systems LLC, based in Davenport, Iowa, USA. COMET will thus become a vertically integrated powerhouse for low-energy ebeam technology. The parties agreed not to disclose the value of the transaction.
The US-based company, PCT Engineered Systems LLC, with headquarters in Davenport, Iowa, was founded in 1986 by Terry Thompson and two other partners. With about 85 employees in North America, the company is now a successful player in the market for electron beam equipped systems. COMET has been working closely with the firm for the last five years and in 2014, the two companies developed an ebeam-equipped system for the functionalization of polymer films and the curing of inks and coatings. COMET will retain all 85 employees. Terry Thompson will continue to manage PCT Engineered Systems LLC as the General Manager.
The acquisition of PCT Engineered Systems provides the COMET Group with direct access to the ebeam end-user market and in one shot also allows the group to expand its ebeam product portfolio. Charles Flükiger, President of X-Ray & ebeam Technologies: "COMET will be able to provide a solution for all potential users of low-energy ebeam technology. This is true for ebeam modules for OEMs, entire ebeam systems to end customers, as well as for all the automation required upstream and downstream from the beam."
"The acquisition of PCT Engineered Systems is an important step in the strategic development of the ebeam business as a third pillar of COMET Group," said Ronald Fehlmann, CEO of COMET Group. "The acquisition allows us to tap market potential that was previously unavailable to us, enabling us to generate sustainable value for the company, shareholders, clients and employees."
Conference call in English
A conference call will be held in English on April 27, 2015, between 4 p.m. and 4:45 p.m. (CET) with Ronald Fehlmann, CEO, Charles Flükiger, President of X-Ray & ebeam Technologies.
To join the call please dial in 10 minutes before the conference begins:
+41 (0)58 310 50 00 (Europe)
+44 (0)203 059 58 62 (UK)
+1 (1)631 570 56 13 (USA)