SPI Lasers Now a Member of the TRUMPF Group

Machine tool and laser manufacturer TRUMPF has announced it has assumed control of SPI Lasers effective October 7, 2008. The bid submitted by TRUMPF became effective after shareholders of SPI Lasers approved the sale of more than 90% of the company's shares to TRUMPF.

"We are very pleased today to welcome SPI Lasers to the TRUMPF Group," says Peter Leibinger, vice-chairman of the managing board and head of the laser technology and electronics division. "Both companies will benefit from the acquisition," Leibinger says.

The market for industrial lasers will continue to grow in the future. This is also true of fiber lasers for applications in the low power range. SPI Lasers is one of the leading manufacturers of fiber lasers. The company has a broad product range which will nicely complement TRUMPF's product portfolio. Its worldwide distribution network, numerous patents, as well as its fiber laser manufacturing expertise all speak well of SPI Lasers.

"The acquisition offers SPI Lasers and TRUMPF the opportunity to enjoy excellent market growth in the field of fiber lasers in the future," Leibinger says. TRUMPF intends to maintain and expand the merchant laser sales channel established by SPI Lasers. It is expected that other OEM products will be marketed through this channel over time. us.trumpf.com