From the Wires
Heraeus Noblelight Acquires the Fusion UV Business Group
By: PR Newswire
Dec. 19, 2012 07:22 AM
HANAU, Germany, December 19, 2012 /PRNewswire/ --
Heraeus Noblelight, business group of the German based precious metal and technology group Heraeus, is acquiring the Fusion UV business group, headquartered in Gaithersburg, Maryland, from British manufacturer Spectris. The acquisition is subject to customary regulatory approvals.
Heraeus Noblelight is a leader in the production of specialty light sources and systems. The globally active Fusion US business group is a specialist in microwave based UV curing applications.
"We believe the activities of the two companies complement each other superbly. The new combined technology portfolio covers distinct methods for producing UV light, enabling us to now offer new areas of application," says Rainer Küchler, managing director of Heraeus Noblelight.
While Heraeus Noblelight has focused on the printing industry and on the UV disinfection of packaging materials, drinking water, and industrial water, Fusion UV has applied UV technology in the production of optical fibers and screens for smartphones and other applications. The companies have also focused on different regions, so the combination now yields broad market coverage with direct access to all key industrial markets in the United States, Europe and Asia.
Heraeus, the precious metals and technology group headquartered in Hanau, Germany, is a global, private company with over 160 years of tradition. Our fields of competence include precious metals, materials and technologies; sensors; biomaterials and medical products, as well as dental products, quartz glass, and specialty light sources. With product revenues of €4.8 billion and precious metal trading revenues of €21.3 billion, as well as more than 13,300 employees in more than 120 subsidiaries worldwide, Heraeus holds a leading position in its global markets.
SOURCE Heraeus Holding GmbH
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