UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 18, 1997
ROFIN-SINAR TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 000-21377 38-3306461
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(State of other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
45701 Mast Street, Plymouth, MI 48170
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(Address of principal executive offices) (Zip Code)
(313) 455-5400
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(Registrant's telephone number, including area code)
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(Former name, former address and former fiscal year,
if changed since last report)
<PAGE>
ITEM 5 - OTHER EVENTS
The registrant, as of June 18, 1997, announced that it has signed a purchase
agreement to acquire 80% of the stock of DILAS Diodenlaser GmbH, a Germany-
based maker of high power diode laser components and systems.
The proposed transaction is subject to completion of due diligence, and
certain other conditions. It is presently anticipated that the purchase
will be completed in the fourth quarter.
The registrant released a press release on June 18, 1997 to disclose the
above information per the attached exhibit.
ITEM 7 - FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
A) Not Applicable
B) Not Applicable
C) Exhibits:
99 Press Release dated June 18, 1997
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ROFIN-SINAR TECHNOLOGIES, INC.
By: /s/ GUNTHER BRAUN
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Gunther Braun
Chief Financial Officer
Dated: July 14, 1997
<PAGE>
PRESS RELEASE
ROFIN-SINAR AGREES TO ACQUIRE 80% OF DIODE LASER MAKER
Plymouth, MI / Hamburg, Germany, June 18, 1997 - ROFIN-SINAR Technologies,
Inc., (NASDAQ: RSTI), one of the world's leading developers and
manufacturers of high performance laser beam sources, today announced that
it has entered into a definitive agreement to acquire 80% of the stock of
DILAS Diodenlaser GmbH, a Germany-based maker of high power diode laser
components and systems. Terms of the acquisition were not disclosed.
Founded in 1994, DILAS Diodenlaser GmbH's expertise is in the packaging and
cooling of laser diodes, achieving output powers of 10 Watts per element.
By stacking these elements, diode laser arrays can be formed achieving
output powers in the multiple kilowatt range. DILAS was the first company
to commercially deliver multiple kilowatt diode laser systems for material
processing applications. DILAS also delivers diode lasers into other market
areas such as medical, research, inspection and measurement.
In its most recent financial year, which ended March 31, 1997, DILAS
reported annual sales of DM 3.34 million (approx. $2 million) and a year-end
order backlog of DM 1.5 million (approx. $0.9 million). The company is
located in Mainz, Germany and currently has 11 full time employees.
DILAS will continue as an independent company with its two founders, Mr.
Marchiano and Mr. De Odorico, remaining as managing directors.
Laser diodes are currently in wide use in optical storage, image recording,
telecommunications and entertainment. According to published reports, the
market for high power diode lasers used for material processing is
relatively young, amounting to approximately $6 million in 1996 and projected
to grow to reach $9 million in 1997. Typical material processing applications
are soldering, welding of plastic and thin metals and the pumping of solid
state lasers. The strong market growth potential for these devices stems
from their miniature size, their much higher efficiency compared to
conventional laser designs, their easy integration and the possibility of
coupling their laser output into fiber optics.
Through its acquisition of the DILAS' share, Rofin-Sinar adds new technology
and a new product line to its already wide range of industrial lasers. The
linking of DILAS' production expertise and Rofin-Sinar's ongoing research
program in cooperation with the Fraunhofer Institute for Laser Technology,
Aachen, is expected to speed up the introduction of new diode based laser
systems for material processing applications.
Headquartered in Plymouth, Michigan, and Hamburg, Germany, Rofin-Sinar
Technologies, Inc. designs, develops, engineers and manufactures industrial
laser products for cutting, welding and marking a wide range of materials.
With production facilities in the US, Germany and Japan, Rofin-Sinar is one
of the world's leading designers and manufacturers of industrial lasers.
Rofin-Sinar's ordinary shares trade on the NASDAQ National Market System
under the symbol RSTI. Additional information is available on Rofin-Sinar's
home page: http://www.rofinsinar.com.
The statements in this press release that relate to future plans, events or
performance are forward-looking statements that involve risks and
uncertainties related to contract cancellations, manufacturing risks,
competitive factors, uncertainties pertaining to customer orders, demands
for products and services, development of markets for the Company's products
and services and other risks identified in the Company's SEC filings.
Actual results, events and performance may differ materially. Readers are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. The Company takes no obligation to
release publicly the result of any revisions to these forward-looking
statements that may be made to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events.
Readers are encourage to refer to risk disclosures outlined in the Company's
reports on Forms 10-K, 10-Q and 8-K, as applicable.
