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Singulus buys Blu-ray business from Oerlikon
01
Feb '08
The Oerlikon Group is selling its Blu-ray business with immediate effect to Singulus Technologies AG, Kahl am Main, Germany. The corresponding contracts were signed yesterday between the parties. Whilst Singulus as world market leader has gained a strategic advantage in the consolidated market for optical storage media through the acquisition, Oerlikon is streamlining its portfolio and divesting itself of a marginal business sector.

The staff members affected will be transferred almost without exception into other Oerlikon segments or should be taken over by Singulus. Dr. Uwe Krüger, CEO of Oerlikon said, “We can make excellent use of our staff's know-how, in particular for the further expansion of our booming solar business.”

By selling the Blu-ray business, Oerlikon is continuing to pursue its portfolio strategy and parting company with what is a comparatively small, volatile segment for the group. This step not only eliminates any risk with this unit for Oerlikon but it also enables the management to concentrate on growth areas for the group such as the solar business.

Continuity is ensured for customers:
With this strategic acquisition, Singulus assumes the entire Blu-ray business as well as the servicing of all Blu-ray Disc product lines already supplied by Oerlikon. „We benefit from the acquisition of the well-established Oerlikon Blu-ray business“, said Stefan A. Baustert, CEO of Singulus Technologies AG. Besides the production plants, Singulus acquires all the important patents and licenses plus Oerlikon's customer base. With that all Blu-ray customers are ensured long-term continuity and a consistently high product quality.


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Courtesy: Business wire

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