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Latest on Trumpf and SPI takeover

Trumpf has assumed control of SPI Lasers, effective from 7 October 2008.

The bid submitted by Trumpf became effective after shareholders of SPI Lasers approved the sale of more than 90 per cent of the company's shares to Trumpf.

Peter Leibinger, vice-chairman of the managing board and head of the Laser Technology and Electronics Division at Trumpf, said: 'The acquisition offers SPI Lasers and Trumpf the opportunity to enjoy excellent market growth in the field of fibre lasers in the future.' 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.

David Parker, CEO of SPI Lasers, added: 'We too are delighted to have passed this milestone. The team can now focus on delivering quality laser sources to our customers that enhance their product offerings.'

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