Home / Knowledge / News / Textiles / Singulus buys Blu-ray business from Oerlikon
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.

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search