April 2, 2007, Plymouth, MI, Hamburg, Germany--Rofin-Sinar Technologies acquired 100% of the common stock of Corelase Oy (Tampere, Finland) in a cash transaction. Further terms of the acquisition have not been disclosed.
Founded in 2003, Corelase Oy has considerable experience in semiconductors, optics, and fiber technology. The company's product lines include fiber-coupled diode laser systems, continuous-wave and ultra short pulse mode-locked fiber laser systems, and components such as diode lasers for a wide range of material processing applications.
"We are proud of now being a part of the Rofin Group. Access to the group's technological and financial resources will place us on the fast track to becoming one of the major suppliers of fiber lasers," said Harry Asonen, president of Corelase Oy.
Corelase has expanded its presence in several Asian and European countries through exclusive agreements with distributors. In order to penetrate the North American market, Corelase Oy has maintained a US partnership since 2006. Corelase will continue to operate as stand-alone company and provide their products to other laser companies.
"This is an important acquisition for Rofin-Sinar, as we continue to broaden and deepen our technological portfolio," said Günther Braun, CEO and president of RSTI. "We have been evaluating this technology for a long time and are confident that the talents and skills of Corelase will contribute to the future success of our group, and will further strengthen our position in the market for laser material processing."