Consumables

technotrans takes over Termotek to develop new key area

Thursday 06. January 2011 - The Board of Management of technotrans AG (Sassenberg), a systems supplier focusing on applications in the printing industry, today resolved, with the agreement of the Supervisory Board, to exercise the option to purchase a majority interest in Termotek AG (Baden-Baden), a specialist supplier of laser cooling systems. The transaction is to take effect retroactively from January 1, 2011.

The two companies have latterly been working successfully together in the development, purchasing, production and sales areas. “We have come to the conclusion that there is huge scope for synergies,” declared Henry Brickenkamp, spokesman of the Board of Management of technotrans AG. “In moving into the market for laser applications, we are also tapping a dynamic growth area of the future. In our view, the fact that laser technology is used in a wide range of industries also nicely complements the extremely cyclical printing press market. Termotek will play an important role in our strategy of earning around 30 percent of our revenue outside the printing industry in three to five years’ time.”
The Termotek AG product range comprises temperature control units for lasers in various fields, mainly in the semiconductor industry, medical devices, laser marking systems and plastic welding. Founder and Board of Management Chairman Frank Domnick will continue to run the company, which has 50 employees and posted revenue of around € 7 million in 2010. As part of the technotrans Group, Termotek will be able to use technotrans’ worldwide sales and service network to gain access to international customer groups. Higher-performance laser solutions and combined temperature control and filtration systems will also be added to the product range.