COMET Group to expand its ebeam business with the acquisition of PCT Engineered Systems, LLC, USA

Media release

Flamatt, April 27, 2015

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)

Media Relations:

Ines Najorka

Vice President Corporate Communications

+41 31 744 99 96

ines.najorka@comet.ch

 

2015 corporate calendar:

August 20, 2015

Publication of the half-year report

November 24, 2015

Investor Day 2015


 

COMET Group
The COMET Group is one of the world’s leading vendors of x-ray, radio frequency (RF) and e-beam technology. With high-quality components, systems and services, the Group helps its customers maximize the quality, reliability and efficiency of their products and processes. COMET AG was founded in 1948. Based in Flamatt, Switzerland, the Group has a presence in all world markets. COMET’s stock (COTN) is listed on the SIX Swiss Exchange. COMET, YXLON and ebeam – each of the Group’s three strong brands serves different markets. YXLON x-ray systems for non-destructive testing are supplied to end customers in the automotive, aerospace and electronics sectors. Under the COMET brand, the company builds high-quality, high-tech components and modules, such as x-ray sources, vacuum capacitors, RF generators and impedance matching networks. These products are in demand by manufac turers in the automotive, aerospace, semiconductor and solar industries as well as in airport security applications. Under its “ebeam” brand, the Group offers very compact, powerful ebeam sets currently used especially in the non-contact sterilization of beverage packaging.