LPKF acquires outstanding shares in Slovenian subsidiary
Garbsen, 20 December 2013 - The dynamic business performance of Garbsen-based laser specialist LPKF Laser & Electronics AG continues unabated. The company currently has more than 700 employees worldwide and wants to gener-ate revenue of up to EUR 130 million this year. LPKF exports about 90% of its machines. All production takes place in Germany and Slovenia.
The Slovenian subsidiary LPKF Laser & Elektronika d.o.o. in Naklo has been mak-ing a major contribution to the Group's profitable growth for many years. To-day,next to the development, manufacturing and sales of SMT Prototyping equip-ment, systems for the production of PCB prototypes are manufactured in Slovenia. Naklo also develops and produces laser sources which are used exclusively in the systems of the LPKF Group. Further, LPKF in Naklo develops and produces cost effective laser systems which are used in Prototyping as well as mass production. 25% of the shares in the Slovenian subsidiary were held by the Zepic family, who founded the company together with LPKF 19 years ago. By acquiring these shares, LPKF has now taken over the last remaining minority interests within the Group, thus holding 100% of the shares in all of its subsidiaries.
"We would like to take this opportunity to thank Mr. Janez Zepic and Mr. Tomaz Zepic very much for their great dedication in building and successfully managing LPKF d.o.o.," said Dr. Ingo Bretthauer, CEO of LPKF AG.
The acquisition of the outstanding shares in the LPKF subsidiary has now become effective. The parties have agreed not to disclose the purchase price.
LPKF Laser & Electronics AG specializes in the production of laser systems for micro material processing, a field in which it is the world leader in several sectors. Founded in 1976, the Group has its headquarters in Garbsen near Hannover in Germany and does business around the world together with its subsidiaries and representatives. LPKF has 731 employees globally. The shares in LPKF Laser & Electronics AG are traded on TecDAX index of the Frankfurt Stock Exchange (ISIN 0006450000).
Tel. +49 (0)5131 7095-1382
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LPKF Laser & Electronics AG
Dr. Ingo Bretthauer (CEO)
Bernd Lange (CTO)
Kai Bentz (CFO)
Dr. Christian Bieniek (COO)